DJ EuroStoxx 50 (Eu50) Futures 20190820

Intermediate

EuroStoxx topped exactly at resistance at 3375/80 as expected & shorts worked on the dip to 3358/62. Minor support at 3350/47 then strong support at 3325/20. Longs need stops below 3315. A break lower targets 3305 & 3290/85.
First resistance at 3375/80 of course. A break higher today meets a selling opportunity at 3390/3400, with stops above 3410.

Monthly ESTX 50

Jason Sen

Editor

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successful...continued

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