FTSE 100: Shorts need stops above 7120
|Dax, EuroStoxx, Ftse
Dax 30 September topped exactly at resistance at 15780/800. Shorts need stops above 15830.
EuroStoxx 50 September has traded sideways for 2 months. Longs at first support at 4170/60 worked on the run to first resistance at 4190/4200.
FTSE 100 September topped exactly at first resistance at 7080/7100. Shorts offered a nice profit on the day as we hit the first target of 7060/50.
Daily analysis
Dax topped exactly at resistance at 15780/800. Shorts need stops above 15830. A break higher can target 18880/890, perhaps as far as 15950/970.
Minor support at 15660/640. Below here targets 15580/560. Below 15540 risks a slide to 15440/410. A break below 15390 can target 15300/270.
EuroStoxx September first support at 4165/60 but below here targets 4140/35, perhaps as far as second support at 4120/10. Longs need stops below 4100. Next target is 4080/75 then 4050/45.
First resistance at 4195/4200. A break above 4210 opens the door 4230 & 4245/50.
FTSE September shorts at first resistance at 7080/7100. Shorts need stops above 7120. First target is 7060/50 before a test of strong support at 7020/7000.
Longs at strong support at 7020/7000 need stops below 6970. A break lower can target 6920/00.
Ana 7120 is a buy signal targeting 7145/50, perhaps as far as 7185/95.
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