DAILY JUN'19 EUROSTOXX - Wednesday's trade idea and technicals
Unlike Dax, the initial move in Stoxx on Tuesday failed to break last week’s 3361 low and a rally through Thursday’s 3401 high switched signals to bullish. These were confirmed with further gains of 59 Pts. This is positive and signals have improved, but with intraday sentiment much overstretched the outlook for Wednesday is to buy just modestly on the open and then at 3440 with a stop loss at 3419, yesterday’s Marabuzo line. Targets are to 3468, April’s high, 3490 and 3528, August’s high trade.
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