Published 26h November 2018
The conclusion from the DAX is also valid concerning the Eurostoxx 50. European Indices seem to be ready for a meaningful bounce. There was cross-market and strength divergence on last week’s low. The DAX and CAC 40 recorded a lower low whereas the major indices from Southern European have not confirmed. The Euro Stoxx 50 has neither confirmed last week’s low.
Chances increase for a meaningful bounce if the major Europan index does not attack the 3,114 mark immediately despite today’s opening gap.
The analysis above is a historical abstract of our Eurostoxx 50 Premium Analysis. Subscribers can access multiple timeframes, which are not displayed on this page.