Dax, Euro Stoxx 50 And FTSE Forecast

Euro Stoxx 50 September topped exactly at strong resistance at 4080/90 with shorts offered a minimum 30 ticks on the slide to 4060/50.

FTSE 100 September reversed from minor resistance at 7045/55 & collapsed through minor support at 7010/00 targeting 6975/65 and minor support at 6935/25.

Dax bottomed exactly at best support at 15610/590. Longs need stops below 15570. A break lower risks a slide to 15490/470. Longs need stops below 15440. Further losses risks a retest of the June and July low at 15290/255.

Longs at best support at 15610/590 target 15700/710 before strong resistance at June high at 15800/80. Shorts need stops above 15830. Obviously a break above here is a medium term buy signal today initially targeting 16000/16100.

Euro Stoxx 50 September held strong resistance at 4080/90 targeting 4060/50. Holding below here targets 4020, perhaps as far as 4000/3990. On further losses look for a retest of 3940/35. A break below 3930 is a sell signal targeting 3910 and 3885/80.

Strong resistance at 4080/90. Stop above 4100. A break higher is a buy signal targeting 4120/25 and 4145/50.

FTSE September collapsed to minor support at 6935/25 and bottomed exactly here. Below 6910 tests the June low at 6880/70. A weekly close below here is a sell signal for the start of next week.

First resistance at 7000/7020. Strong resistance at 7045/55. Shorts need stops above 7070.

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

Scroll to Top