DAX, EuroStoxx, FTSE Update
Jason Sen | Oct 19, 2021 07:18AM ET
DAX December saw a high for the day exactly at the only resistance of the day at 15550/590. Shorts worked perfectly as we hit 15410/390 for profit taking. An easy 140 ticks.
EuroStoxx 50 December longs at best support at 4125/15 worked perfectly as we bounce from 4119.
FTSE 100 December first support at 7185/75. Longs need stops below 7160. (A little tricky yesterday as we hit 7158 before the bounce).
h2 Today’s Analysis/h2DAX again meets the only resistance of the day again at 15550/590. Shorts need stops above 15620. A break higher is a strong buy signal for the start of this week initially targeting 15700/750 and 15950/16000. Any shorts at 15550/590 re-target 15490/470 and 15410/390 for profit taking. A low for the day here yesterday but a break below 15370 today targets a buying opportunity at 15300/260, with stops below 15220.
EuroStoxx longs at best support at 4125/15 target 4160/70. A break above 4180 targets 4190/95 today. Above 4200 targets 4215/20 and 4245/50. Best support at 4125/15. Longs need stops below 4105.
FTSE holding first support at 7185/75 maintains the buy signal targeting 7260 and 7290/99. First support at 7185/75. Longs need stops below 7160. Best support at 7125/15. Longs need stops below 7105.
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