Euro Stoxx Overbought, But No Top Clear As Yet
Jason Sen | Sep 09, 2014 08:41AM ET
Euro Stoxx overbought but unwise to pick a top as stated Friday. We consolidated gains and now have a 2 day low at 3258/50. If we continue lower today look for good support at 3240/36 for a buying opportunity with stops below 3225. A break lower could target 3215/10 for an excellent buying opportunity with stops below 3195.
Immediate resistance at 3 day highs of 3285/90 but above here is more positive and targets a small gap at 3305/07. Above here targets early June highs at 3319/21. Overbought so a huge risk of a double top pattern here this week!
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