DAX, EuroStoxx, FTSE Forecast

Euro Stoxx 50 September is struggling at strong resistance at 4200/05

FTSE 100 September hit the next target of 7135/45 as we look for a retest of the 2021 high at 7207/17.

DAX moved through 15770/800 for a buy signal, initially targeting 15870/890 (we topped exactly here) then 15920/940 and 15990. Minor support at 15800/770 then strong support at 15690/670. Longs need stops below 15610.

EuroStoxx September is testing strong resistance at 4200/05. A break higher is a strong buy signal initially targeting 4260/65. Minor support at 4170/65. Better support at 4145/40. Longs need stops below 4130.

FTSE September longs at strong support at 7030/20 hit the targets of 7080/90 and 7135/45 as we look for a retest the 2021 high at 7207/17. Obviously the main challenge for bulls today. Bulls need a weekly close above here tomorrow night for a new buy signal next week. First support at 7110/00, better support at 7075/65. Longs need stops below 7050.

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 realized. 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.

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