- DAX 30 June longs at best support at 15510/490 worked perfectly with a 150 bounce to 15656.
- EuroStoxx 50 June finally reached our target of 4100/10 and topped exactly here. We bottomed exactly at best support at 4060/50 on Thursday to retest 4100 on Friday.
- FTSE 100 June held 6 ticks above our buying opportunity at 7030/20 on Friday.
Today’s Analysis
DAX meets minor resistance at the next target of 15690/710. We topped exactly here on Friday. A break higher is expected this week targeting 15750/760 and 17790/800. The downside is expected to be limited in the bull trend with support at 16640/630 and 1590/580. Best support this week is at 15540/520. Longs need stops below 15500.
EuroStoxx is holding best support at 4060/50, re-targeting 4100/10. Obviously, this is the level to beat today for a buy signal targeting 4130/35 and 4160/65. Best support AGAIN at 4060/50. Longs need stops below 4040. Next target and support at 4010/3990.
FTSE bounced back to 7083. Further gains can target last week’s high at 7110/20 before key resistance at the 2021 high at 7133/43. A break higher is a buy signal, of course, targeting 7185/95, perhaps as far as 7220/25.
A buying opportunity at 7040/20. A break lower can test the 200 week moving average support at 6965/45. Longs need stops below the 3 month trend line support at 6925.
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