Since the Euro - Stoxx index has never regained its 2015 peak, there are now both long term and short
term bearish divergences in place vs. the US stock market.
Not exact matches
However, we are now seeing
bearish divergence in small - cap stocks, as the Russell 2000 Index ($ RUT) has just broken below near -
term technical support of its 20 - day exponential moving -LSB-...]
That said, we maintain our
bearish short -
term bias, based on technicals and the global
divergences between equity markets.
The
bearish long
term divergence between these markets has now been rounded out with a series of
bearish short -
term divergences: