European stock indices are trading in the green zone today. Investors are waiting for the consumer sentiment index scheduled for today. US housing prices are also supporting the indices.
The rally looks as follows:
· Stoxx Europe 600: + 0,31% up to 275,56.
· Dow Jones Euro Stoxx 50: + 0,14% up to 2561,39.
· FTSE 100: + 0,24% up to 5852,85.
· CAC 40: + 0,04% up to 3498,69.
· DAX: + 0,05% up to 7416,71.
The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100: We will probably see new lows below 5795 before the index starts a mid-term price rally. The critical level of resistance for the 5-wave scenario is 5891.
