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(U1) Corrective Cycle

EUROSTOXX50 TECHS
  • RES 4: 4341.40 1.382 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 3: 4294.20 1.236 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 2: 4287.77 2.0% 10-dma envelope
  • RES 1: 4252.00 High Sep 6 and the bull trigger
  • PRICE: 4158.00 @ 05:50 BST Sep 9
  • SUP 1: 4138.50 Low Aug 26
  • SUP 2: 4078.00 Low Aug 19 and the bear trigger
  • SUP 3: 4026.20 76.4% retracement of the Jul 19 - Aug 13 rally
  • SUP 4: 3944.00 Low Jul 21

EUROSTOXX 50 futures rallied Monday to a fresh trend high of 4252.00. The move higher again confirms a resumption of the uptrend and opens 4294.20, 1.236 projection of the May 13 - Jun 17 - Jul 19 price swing. Price however has since retreated and a corrective pullback is underway. Attention is on support at 4138.50, Aug 26 low where a break would expose 4078.00. This is the Aug 19 low and a key support. A break would signal a stronger reversal.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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