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(U4) Bear Cycle Extends

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 5087.00 High Jul 12 and a key resistance
  • RES 3: 5012.00 High Jul 16
  • RES 2: 4951.89/4980.00 50-day EMA / High Jul 23
  • RES 1: 4793.00 Low Jun 25
  • PRICE: 4718.00 @ 10:41 BST Aug 2
  • SUP 1: 4705.00 Intraday low
  • SUP 2: 4679.00 1.50 proj of the Jun 6 - 14 - Jul 12 price swing
  • SUP 3: 4646.90 1.618 proj of the Jun 6 - 14 - Jul 12 price swing
  • SUP 4: 4599.00 High Jan 2 (cont)

A bear threat in Eurostoxx 50 futures remains present and the contract traded lower Thursday, and remains soft today. Price has recently breached 4846.00, the Apr 19 low. The break paves the way for an extension towards 4679.00 next, 1.50 projection of the Jun 6 - 14 - Jul 12 price swing. Note that price has also traded through the 200-dma, reinforcing a bearish theme. Firm resistance is 4951.89, 50-day EMA. First resistance is 4793.00, Jul 25 low.

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  • RES 4: 5087.00 High Jul 12 and a key resistance
  • RES 3: 5012.00 High Jul 16
  • RES 2: 4951.89/4980.00 50-day EMA / High Jul 23
  • RES 1: 4793.00 Low Jun 25
  • PRICE: 4718.00 @ 10:41 BST Aug 2
  • SUP 1: 4705.00 Intraday low
  • SUP 2: 4679.00 1.50 proj of the Jun 6 - 14 - Jul 12 price swing
  • SUP 3: 4646.90 1.618 proj of the Jun 6 - 14 - Jul 12 price swing
  • SUP 4: 4599.00 High Jan 2 (cont)

A bear threat in Eurostoxx 50 futures remains present and the contract traded lower Thursday, and remains soft today. Price has recently breached 4846.00, the Apr 19 low. The break paves the way for an extension towards 4679.00 next, 1.50 projection of the Jun 6 - 14 - Jul 12 price swing. Note that price has also traded through the 200-dma, reinforcing a bearish theme. Firm resistance is 4951.89, 50-day EMA. First resistance is 4793.00, Jul 25 low.