Where are the European indexes are going through?
It seems like the European indexes are going higher like a balloon. The media and the banks are hyping the amateur trader to step back into the market! If you take a look at the FTSE index its a very overbought chart! But the leading chart of Europe the DAX is already trading lower. This might be an indicator that the other European indexes will correct also in the near future!
If you take a look at the ftse chart I can't believe we got a descend pullback since November of last year! This will have a correction in the near future. If we can float higher into the 6500 level I will defiantly take some short position or if we get a nice topping tail I will jump into the short side!
If we can get a short position on the FTSE look for a target at 6230 and 2nd target will be 6090.
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