DAX 30 September bottomed exactly at strong support at 15800/770. If you managed to jump in to a long, there is a 150 tick profit this morning.
EuroStoxx 50 September dipped to 4167.
FTSE 100 September longs at our buying opportunity at 7085/75 worked perfectly on the bounce to 7165 this morning.
Today’s Analysis
DAX 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. Holding minor support at 15890/870 targets 15920/940 and 15990. A break above the all time high at 16024 targets 16100/110. Further gains this week target 16210/230.
EuroStoxx September first support at 4185, better support at 4160/55. Longs need stops below 4145. A break lower meets a buying opportunity at 4115/05. Longs need stops below 4095. Minor resistance at 4205/10. A break higher retests 4234/38. Above 4240 look for 4260/65.
FTSE September longs at 7085/75 target 7135/45 and 7178/88 (nearly there this morning), before a retest of the 2021 high at 7207/17. A break above 7230 is a new buy signal initially targeting 7290/7310. Again, a buying opportunity at 7085/75, stop below 7070. A break lower is a sell signal targeting strong support at 7020/00. Longs need stops below 6980.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.