Dow Jones Portugal Stock Index: 23 June 2014, Monday, 1.20am Singapore Time

Chart 1
Dow Jones Portugal Stock Index: 23 June 2014, Monday, 1.20am Singapore Time

Chart courtesy of StockCharts.com

Dow Jones Portugal Stock Index tracks closely to the PSI-20 (Portuguese Stock Index traded in Euronext Lisbon)

Secular Term Time-frame Technical Analysis of Dow Jones Portugal Stock Index is as per illustrated in Weekly Chart 1 above. The major top has formed.

Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)

Dow Jones Portugal Stock Index: 23 June 2014, Monday, 1.20am Singapore Time

Chart courtesy of StockCharts.com

Shorter Term Time-frame Technical Analysis of Dow Jones Portugal Stock Index is as per illustrated in Weekly Chart 2 above:
+ Escape Wave created by the ECB has ended at the Price Satisfaction Zone (PSZ) of 183 points.
+ A major top has formed.
+ Portuguese Stocks and Equities Markets are in transition to bear markets as per warned by the funds flow analyses.

Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)

Donovan Norfolk Ang

Click "Share" on the Facebook icon at the bottom of this thread if you like it, or 

if you would like to start a discussion about it with friends on your Facebook Wall.