• 8 hours Trump Prepares For Another Key Tariff Decision
  • 12 hours The Free Money Bubble Is About To Burst
  • 1 day The Crushing Reality Of Poverty In America
  • 1 day Should You Buy Into The World’s Largest IPO?
  • 1 day The Infinite Possibilities Of Cosmic Energy
  • 2 days Analysts Link Walking To Economic Growth
  • 3 days Will Japan Turn Its Back On The Aramco IPO?
  • 4 days Global Debt Soars To $188 Trillion
  • 4 days The World's Largest Gold Miners Are Getting Creative
  • 5 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 5 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
  • 6 days Here We Go Again: Another Giant Telecoms Mega-Merger
  • 6 days World's Largest Gold Miner Sees Profits Triple
  • 7 days Microsoft Japan Trials 4 Day Work Weeks, Productivity Soars By 40%
  • 7 days Hedge Funds Lose $4 Billion In Four Days As California Wildfires Rage On
  • 8 days New Viral App May Be A National Security Threat In Disguise
  • 8 days China's $10 Trillion Space Play
  • 8 days Human Energy: Debunking The Matrix
  • 9 days Cannabis Has Become A Real Estate Selling Point
  • 10 days The Gold Stock Boom Is Just Getting Started
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Robert McHugh

Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania.

Contact Author

  1. Home
  2. Markets
  3. Other

Beware What's Coming to Europe's Stock Markets

The Dow Jones Euro STOXX 50 has seen a 28 percent plunge since the 2015 top. The drop came after this stock index completed a Rising Bearish Wedge for wave C up. Back in 2015, we wrote in our newsletter to subscribers, "This pattern is telling us that this index is very close to crashing. Trouble is coming to world markets and it may start in Europe." Well that Crash occurred.

Euro STOXX50 Daily Chart

However, the plunge is not over. Now what we now see is a completed Head & Shoulders top in the STOXX 50 Euro Index. The right shoulder of this pattern just completed. The pattern looks textbook, is leaning down and to the right, which is ideal for predictive value. What this pattern is telling us is this stock index now has a downside price target of 1,400ish, which means it is set up to plunge another 50 percent over the coming year.

 


Get a FREE 30 Day Trial Subscription to receive our Daily and Weekend U.S. and International Market Forecast Reports at www.technicalindicatorindex.com Simply click on the button at the upper right of the home page. We cover stock markets and Gold daily and have Buy / Sell signals. We also offer a Platinum Trading service. Email us at mainrdmch@aol.com for information on that program.

When did Noah build the ark? Before it rained. Well, it is starting to rain. We believe it is now time to make sure our arks are built and can float. We can help you at www.technicalindicatorindex.com with our daily and weekend market updates, or conservative portfolio model, and Platinum educational Trading program.

Do not be satisfied hearing what the market did; learn how to predict what the market is going to do. Join us at www.technicalindicatorindex.com as we study the language of the markets. Markets tell where they are headed. Technical Analysis is the science where we learn and apply the forecasting language of the markets.

Dr. McHugh's book, "The Coming Economic Ice Age, Five Steps to Survive and Prosper," is available at amazon.com at http://tinyurl.com/lypv47v

"Jesus said to them, "I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day."

John 6: 35, 38, 40

 

Back to homepage

Leave a comment

Leave a comment