GLOBAL MARKET TECHNICAL TREND CHANGE

Over the last three weeks there has been a trend change in key global stockmarkets. During this period technical sell signals have been generated on the Hang Seng, simultaneously on the FTSE, DAX and CAC, followed by a sell signal on the Nikkei. The fact that these index sell signals have been generated in rapid succession is a negative technical momentum indicator. The potential also exists for technical sell signals to be generated on the Dow Jones and S&P500 indices. On the Australian market, as covered in previous wires, the ASX200 index originally generated a technical sell signal on 20/4/15 at 5833.