A notable corrective selloff for global equity markets over the past 24 hours as various “risk off” events have impacted asset classes.
These included a more dovish, cautionary tone from Reserve Bank of Australia Governor Lowe on Wednesday as we featured here, a negative New Zealand Employment report and stark forecasts for Europe from the European Commission who significantly cut Eurozone economic growth forecasts for 2019 and 2020.
This encouraged already stalling European and US equity markets to turn recent consolidation price action to more notable corrections through support levels, leaving risks for further negative activity today (maybe beyond);
Here we focus on both the DAX and S&P 500.
See the full article article with individual market analysis, support/ resistance levels here: