Euro Stoxx beat strong resistance at the April high at 2916/22 with shorts unfortunately stopped above 2940 for the next buy signal targeting 2975/85 (hit) as we look for 2995/99 today.
Euro Stoxx buy signal targeting 2975/85 and 2995/99. If we continue higher look for 3020 but there is not much to stop a test of very strong resistance at 3040/60.
Holding below 2955 however risks a slide to 2930/20. Try longs with stops below 2910.
Trends
- Weekly outlook is negative
- Daily outlook is neutral
- Short Term outlook is positive