EURO STOXX INDICES

European indices are at critical levels. Breakout higher could result in a multi-year uptrend. Failure to clear those strong long-term resistance levels could signal the end of last 5 year’s uptrend. Whatever the outcome, the implications will be long-term.

STOXX EUROPE 50 index cleared the 15 year-long trend resistance in late 2014. EURO STOXX 50 and EURO STOXX 600 are challenging their long-term trend lines. Fresh breakouts on these two indices could add momentum to the uptrend.