Makor - Tech View Euro Stoxx 50 Index (3,635 last) - a move above 3,691-3,714 would suggest a low in place and a re-test of the
2015-07-23 07:04:31.308 GMT
Technical Research – Euro Stoxx Index (3,635)
•The Index filled the open gap from the July 15-16th yesterday and closed well
above the 3,600 support level.
•In order to argue for a higher low being in place would need to see a sustain
move above 3,691-3,714.
•Looking forward, the break above 3,651 negated the path of lower highs which
is bullish and also from an Elliot Wave perspective the recent setup favors a
minimum re-test of the 3,836 cycle high if not above.
Strategy: Step aside for now.
Support: 3,600 (breakout level), 3,536-61 & 3,433-74 (open gaps)
Resistance: 3,691-3,714 & 3,782-3,836
Full Report Attached
Contributed via: Bloomberg Publisher WEB Service
Provider ID: 4d4f9f0bd8814bdbb305641825778038
-0- Jul/23/2015 07:04 GMT
2015-07-23 07:04:31.308 GMT
Technical Research – Euro Stoxx Index (3,635)
•The Index filled the open gap from the July 15-16th yesterday and closed well
above the 3,600 support level.
•In order to argue for a higher low being in place would need to see a sustain
move above 3,691-3,714.
•Looking forward, the break above 3,651 negated the path of lower highs which
is bullish and also from an Elliot Wave perspective the recent setup favors a
minimum re-test of the 3,836 cycle high if not above.
Strategy: Step aside for now.
Support: 3,600 (breakout level), 3,536-61 & 3,433-74 (open gaps)
Resistance: 3,691-3,714 & 3,782-3,836
Full Report Attached
Contributed via: Bloomberg Publisher WEB Service
Provider ID: 4d4f9f0bd8814bdbb305641825778038
-0- Jul/23/2015 07:04 GMT