Eurostoxx: Excellent Selling Opportunity This Week
Jason Sen | Nov 12, 2014 05:31AM ET
DJ Euro Stoxx 50 has immediate resistance at 3102/05 then a retest of resistance at 3113/17 today. On a break higher look for a retest of strong 100 & 200 day moving average resistance at 3135/40. This is an excellent selling opportunity again this week, with stops above 3150.
Immediate support at support at 3088/83 but below here today risks a slide to 3050/45. Try longs with stops below 3033. A break lower keeps the market under pressure to target good support at last week's low & short term trend line support at 3018/12. A good chance of a low for the day, but longs need stops below 3000.
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