DAX, Euro STOXX 50, FTSE Daily Forecast
Jason Sen | Jun 04, 2021 07:10AM ET
DAX 30 June longs at best support at 15510/490 worked perfectly with a 150 bounce to 15656.
Euro STOXX 50 June finally reached our target of 4100/10 and topped exactly here. We bottomed exactly at best support at 4060/50 again yesterday.
FTSE 100 June collapsed to our buying opportunity at 7030/20. Longs worked perfectly on the bounce from 7010 to 7070.
h2 Today’s Analysis/h2DAX meets minor resistance at the next target of 15690/710. Best support at 15510/490 again today. Longs need stops below 15460. Next target is 15420/400.
First resistance at 15690/710. A break higher targets 15750/760 and 17790/800.
Euro STOXX holding best support at 4060/50 re-targets 4100/10. A break higher targets 4130/35 and 4160/65.
Best support AGAIN at 4060/50. Longs need stops below 4035. Next target and support at 4010/3990.
FTSE has bounced back to 7060/70. Holding here risks a retest of our buying opportunity at 7030/20. Stop below 7000. A break lower to can target 6965/45, perhaps as far as 3 month trend line support at 6920/15.
Key resistance at the 2021 high at 7133/43. A break higher is a buy signal of course targeting 7185/95, perhaps as far as 7220/25.
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