Euro STOXX 50 Future Basing Bias Through 3003/08
Steve Miley | Oct 22, 2014 03:58AM ET
Euro Stoxx 50: European benchmark looking to complete a better bottom
After a Monday stall back from 2957/63, the Tuesday bounce from support at 2895 (from 2896) for a bullish outside pattern shifts the focus higher.
We see midweek bias up through a key area at 3003/08, through which would see a shift to neutral into late October.
This would then open upside within a range environment for 3025 and 3063.
Back below 2896 is needed to re-energize a more bearish theme,
WHAT CHANGES THIS?
Above 3008 signals a neutral tone, only shifting positive above 3088.
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