DAX30 June we wrote: Holding above 15250 targets 15350/380 before a test of this week’s high at 15450/470….
We topped exactly here.
Euro STOXX 50 June broke the May low at 3884/80 to bottom exactly at the next target of 3850/45. A 100 tick recovery followed.
FTSE 100 June first resistance at the 200 & 100 hour MAs at 6985/7000.
Today’s Analysis
DAX bounces back to last week’s high at 15450/470 before a retest of the all time high at 15529. A break higher this week targets 15580/595 then 15690/710.
Minor support at 15360/340. Strong support at 15240/190. Longs need stops below 15150.
Euro STOXX through 4000 to retest 4025/35. A break higher targets 4050/55 then 4100/10.
First support at 4000/3990 then a buying opportunity at 3960/50. Longs need stops below 3940.
FTSE through resistance at 6985/7000 to target 7030/35 and 7075/85 before a retest of the 2021 high at 7133/43.
First support at 7000/6990 then strong support at 6955/45. Longs need stops below 6930.
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