DAILY SEP'17 EUROSTOXX - sellers continue to dominate investor sentiment

Sep'17 Contract – This week’s signals for EUROSTOXX have switched to cautiously bullish and to buying the dip. So far though sentiment has remained bearish, Monday’s trading posting a loss of 23 Pts on the day. Although this is negative, futures have remained above the window which has remained open since the last 3 week close at 3403. Overnight reaction to North Korea has altered sentiment however and with signals weakening the outlook for Tuesday is to sell on the open and at 3405 with a stop loss at 3419, yesterday’s close. Targets are to 3389, this month’s base, 3377, a large weekly window left open since April and 3326, April’s base.