European Stock Indices Go Red

European stock indices are bearish today.

For now:

·         Stoxx Europe 600 has dropped 0,9% down to 272,56

·         Dow Jones Euro Stoxx 50 has depreciated by 1,62%  down to 2541,74

·         FTSE 100 is down by 0,93% (5838,60)

·         CAC 40 has dropped 1,5% down to 3500,34

·         DAX is down by 1,29% (7307,97)

The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100. The price is probably forming a zigzag. If the supposition is right, we may see the price forming wave [c] of (4) with breaking above 5932. The critical level of support for this scenario is 5755.