Equity Indices Weekly (01 Jul ’17)

Global equities coming under pressureInvestors remain bullish global equities whilst the MSCI World Index consolidates at contract highs.

However, there is increased risk of a corrective pullback as overbought momentum studies unwind and the Tension Indicator turns down.

A close below 1900 will prompt a downgrade as sentiment weakens. A further close below 1873 will signal a more significant reaction and prompt a further downgrade to negative.

 

 

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