Don't Ignore This Chart!

Euronext Bullish Percent Index Totally Breaks Down

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StockCharts.com recently added Bullish Percent Indices for some key European indices. In particular, the Euronext 100 ($BPENXT) broke support in June and continued below its 2010 low in July. There is a status bar at the top of each P&F Bullish Percent Index chart. Euronext BPI status is "Bear Confirmed". The only positive is that BPI is considered oversold below 20.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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