Readers alerted to oversold conditions last week.

Last week, we published – in the Market Analysis section – a number of warnings about oversold conditions and strong probabilities for a bounce, in several equity market analysis updates. Let’s look at small excerpts of just 5 of those analysis updates.

First, an excerpt of the last analysis update for the CAC40 Index in France:

CAC40, France

And then the AEX index in the Netherlands:

AEX index, the Netherlands

OMXSPI broad market index in Sweden:

OMXSPI, Sweden

Or how about the SSMI index in Switzerland:

SSMI, SwitzerlandLastly, the FTSE 100 index in the UK:

FTSE 100, UK

These are just 5 of the numerous indexes which triggered oversold warnings according to us, last week.

Carl Malmberg
Carl Malmberg
Technical Analyst at EWT Investing
Carl has analyzed and traded the financial markets 16+ years.
Developer of the Extended Elliott Wave Theory, a series of extensions made to the original Elliott Wave Theory.