European stock indices are trading in the green zone today. Despite the fact that most investors expect the eurozone crisis to aggravate, they also count on new stimuli. It is too early to anticipate the future outcome. However, this week the indices have been moving to and fro.
The current situation looks as follows:
· FTSE 100: +0,6%.
· CAC-40: +0,7% up to 3437,41.
· DAX: +0,5% up to 7314.
· Stoxx 600: +0,4%.
· IBEX-35: +0,5%.
The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100:
The index has probably finished forming a downward zigzag inside wave 4 of [c]. At this point, the critical level of support is 5749. A break below it will postpone the reversal of the current trend.
