DAX 30 June topped exactly at the next target of 15500/520. We bottomed just above strong support at 15340/300.
Euro Stoxx 50 June reversed from 4000 to test first support at 3975/70.
FTSE 100 June hit 7000.
Today’s Analysis
DAX strong support at 15340/300. Longs need stops below 15270. A break lower, however, targets 15180/160 with support at 15120/100.
Minor resistance at 15440/450. Above 15460, look for a retest of 15500/520. Further gains are likely eventually in the bull trend targeting 15650/700 and resistance at 15800/850.
Euro Stoxx hits 4000! Further gains target 4018/22 and 4032/35.
First support at 3975/70. Below 3960 tests strong support at 3945/40. Longs need stops below 3930.
FTSE beat 6950/60 and closed the week above the 100 week moving average at 6980/85 after hitting 7000. We held this big number yesterday. A break above 7000 today targets 7035/45 and 7090/95.
Good support at 6940/30 with better support at 6910/6890 likely to see a low for the day if tested. Longs need stops below 6880. Next target is 6855.
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