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EQUITIES: Europe remains under pressure

EQUITIES
  • Estoxx futures is still trading heavy so far today, and while US Equities have seen some unwind lower from overbought territory on likely profit taking and squaring some positions, the likes of the Emini (ESZ4) is still mostly underpinned and trades in very tight 20 points range so far today.
  • Investors will be keeping a close eye on the Estoxx (VGZ4), and any further extensions through last Week's low of 4796.00.
  • A clear break through would expose the more important 4757.00 level.
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  • Estoxx futures is still trading heavy so far today, and while US Equities have seen some unwind lower from overbought territory on likely profit taking and squaring some positions, the likes of the Emini (ESZ4) is still mostly underpinned and trades in very tight 20 points range so far today.
  • Investors will be keeping a close eye on the Estoxx (VGZ4), and any further extensions through last Week's low of 4796.00.
  • A clear break through would expose the more important 4757.00 level.