UK and European stocks in ‘DEATH crosses’ as strategist warns of long-term lows


There has been a drop in global markets in recent months as the FTSE 100 and the German DAX fragments down by 8 percent in the first quarter of 2018.

Robin Griffiths, a technical strategist at currency investment unshakeable ECU Group, said “death crosses” have formed in some market-places – signalling further loses for European shares.

The strategic explained a “liquidation cross” as a drop in markets below a long-term trend line which is then canceled by its short-term trend line.

Speaking to CNBC, he said: “If you form a still cross, you’ve probably seen the top of your bull market and you’re now in a bear.”

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Sell markets in Europe forming death crosses, according to Robin Griffiths

If you envisage a dead cross, you’ve probably seen the top of your bull market and you’re now in a stand

Robin Griffiths

Mr Griffiths then warned UK and European stocks are now suitable to be in long-term “bear” markets.

He said: “Some have formed tedious crosses and the message from the charts are the UK can call Europe have coloured dead crosses.

“There is a very high probability they are now in a encourage put up with market.

But Mr Griffiths insisted not all stock markets will face a long-term crash. He said: “The rest of the market, in particular, the strong Asian ones, are play a joke on a violent correction in what I call a secular uptrend.”

He added: “The top of the staple market will come before the top of the economy but if that’s 18 months away, we’ve got 6 to 9 months various left in the stock markets that haven’t given death huffy signals.”

The strategist also claimed that Asian markets are imagined to surpass European markets. He said: “The best markets are still in Asia, so it’s China, emerging customer bases and Japan, it’s where you should be putting money and right at the top of the list is commodity-related investments.”

Britain’s 100 largest estimate market-listed companies had fallen 8.4 percent since the start of the year. But the FTSE 100 looks set to win after suffering a correction in March.

Some investors have commanded the FTSE 100 slump could be caused by uncertainty surrounding Brexit and a lamer dollar.

Another factor is the global stock market correction, triggered by horrors of rising inflation and a possible trade war between the USA and China.

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