DAX 30 September higher as expected through 15870/890 to hit the targets of 15920/940 and 15990, before a new all time high at 16024 on Friday.
EuroStoxx 50 September higher for 9 days in a row, through strong resistance at 4200/05 for a strong buy signal.
FTSE 100 September just 20 ticks from next target and 2021 high at 7207/17.
Today’s Analysis
DAX passed through 15770/800 for a buy signal, initially targeting 15870/890, 15920/940 and 15990, as we look for 16100/110 today. Further gains this week target 16210/230. Downside is expected to be limited with minor support at 15890/870, then better support at 15800/770. Longs need stops below 15730. Strong support at 15670/630. Stop below 15595.
EuroStoxx September beats strong resistance at 4200/05 for a strong buy signal initially targeting 4260/65; although on Friday we only reached 4238. Minor support at 4215/05. Better support at 4165/55. Longs need stops below 4145.
FTSE September longs at strong support at 7030/20 hit the targets of 7080/90 and 7135/45 as we look for a retest the 2021 high at 7207/17, reaching 7188 on Friday. Obviously this is the main challenge for bulls today. A break above 7230 is a new buy signal initially targeting 7290/7310. First support at 7150, better support at 7130/20. If we unexpectedly continue lower look for a buying opportunity at 7085/75, stop below 7060.
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