Revival of European markets, with breakouts on the DAX and CAC-40, sparked a broad resurgence in global markets. Dow Jones Europe Index broke long-term resistance at 265 on the weekly chart, signaling a primary advance to 285*. A 63-day Twiggs Momentum trough above zero confirms the primary up-trend.
* Target calculation: 265 + ( 265 – 245 ) = 285
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.