DAX, EuroStoxx, FTSE
Dax December holding strong support at 15050/14950 so far this week for a bounce to minor resistance at 15250/270. A high for the day here yesterday.
EuroStoxx 50 December beats minor resistance at 4060/70 this morning to target strong resistance at 4110/20.
FTSE 100 December shorts at the selling opportunity at the September high at 7185/95 worked perfectly with a high for the day & a 35 tick sell off so far.
Dax hit & held resistance at 15250/270 for profit taking on our longs. We are seeing a break higher this morning to target 15380/40, perhaps as far as 15450/480.
Minor support at 5270/250. Longs need stops below 15230 for a retest of strong support at 15050/14950. Longs need stops below 14900. Failure to hold above 14900 is a sell signal targeting 14800, 14670/650 & 14550/500.
EuroStoxx targets strong resistance at 4110/20 today. Shorts need stops above 4130. A break higher is a buy signal targeting 4160/70, perhaps as far as 4185/90.
Minor support at 4070/60. Better support at 4025/15. Longs need stops below 4005. A break lower is a sell signal for today targeting 3980 before a retest of last week’s low at 3960/50.
FTSE shorts at the selling opportunity at 7185/95 target 7150/45 then first support at 7130/20 for profit taking. Further losses meet a buying opportunity at 7100/7080 with stops below 7060.
Another selling opportunity at 7185/95 with stops above 7220. A break higher is an important buy signal targeting 7260 & 7290/99.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.