Europe consolidates

Dow Jones Europe Index ($E1DOW) recovered above 230 and is expected to consolidate between 230 and 250. The bear market remains strong, with 13-week Twiggs Money Flow below zero indicating selling pressure. Reversal below 230 would test the 2010 low of 205, though the calculated target is lower*.

Dow Jones Europe Index $E1DOW

* Target calculation: 230 – ( 265 – 230 ) = 195