S&p500 at161important fib level.may show consolidation here.S&p500 at161important fib level.may show consolidation here.
Stoxx50
Trading The STOXX600 & GER30 Vs Manufacturing PMI DataIn this video, we take a look at how Manufacturing PMI data in Europe and Germany is used by the investment community to know when to buy or sell stocks with the European region.
This economic indicator is a powerful tool we can use to a clear idea as to the expected performance of the German 30 index and STOXX600 Index.
Manufacturing PMI data is available on investing.com on the first week of each month.
ridethepig | Stoxx 50 into the elections and beyond📌 STOXX 50
The purpose of the operation here is a clean and simple 5-3-5 sequence to the downside which means the lows are still exposed to another flank attack from those accompanying bears.
This is a very important few weeks and months for volatility and in a roundabout way we must take full advantage of this while it takes place. I don't consider the manoeuvre here to be any different from the elementary operation we took at the beginning of the year in European Equities as we are in the same complacent environment with covid escalating out of control.
As we have discussed together before, the herd must always be wrong and recognising this and the misconception of the v-shapers can only lead to an eventual test of previous support. To the topside, invalidation will come via a closing breach of 3490/3500 as this is the level which is protected via its own barrier.
Thanks as usual for keeping the feedback coming 👍 or 👎
ridethepig | Stoxx 50📌 Eurostoxx 50 is in question here and we have a good illustration of the ABC outpost. The main target 3,489 is still open for a test but a breakdown here will seal it for the year.
In a nutshell, this is a chart speculating that we are in the very early days of the "C" leg down.
It is the same opening move in play for German Equities, DAX:
This leg down in European Equities will be considered painful for the late buyers; the weakness of the real economy is shown via the following charts.
Unemployment Claims:
US 2's 5's:
Sharp speculators are adopting a wait-and-see policy, the fate of the moves in Eurostoxx depends on the range settlement. Sellers breaking through 3,200 will 'protect' the highs and because of the technical damage done, the flows will finally commit towards +/- 2,475.
As usual...thanks for keeping the feedback coming 👍 or 👎
STOXX 50, Flag-Formation Forming, Here Is What To Consider Now! Hello Traders Investors And Community, welcome to this analysis where we are looking at the EURO STOXX 50 INDEX, its recent events, the current formational structure, what to anticipate the next times, and how to handle the upcoming situation. Major global markets have recovered from the huge corona-breakdowns seen this year but the big question now is if this recovery is sustainable as there are still big divergences between the real economy and the stock market, therefore it is important to note that the bear market is still not confirmedly over yet and that increase in corona rumors can lead to increase of bearishness in the long-run, as the S&P is near its all-time-high-conditions where the next times will be crucial and will prove if new highs in the major indices can establish sustainably or bearishness settles again, so is also STOXX 50 forming a bullish formation in the short-term which can lead it to test crucial higher levels.
When looking at my chart you can watch there that the index is trading in this huge possible bull-flag-formation which is marked in blue where it already several times confirmed the upper and lower boundary, as such a formation is normally bullish it can confirm as those when it happens properly, therefore, it is from high importance to not only hold the lower boundary of the flag sustainable but also the 40-EMA marked in red and the 300-EMA marked in black to form an EMA-bounce here before it can move on to confirm the flag when this doesn't happen and the index fails at the EMA-structure and the lower boundary to fall below it this will cause bearish pressure where lower levels will be reached within the high possible spectrum. Currently, the wave D and E can form which will finish the wave count and possibly also the big bull-flag which will activate higher targets with a decisive move above the upper boundary.
The current situation is a situation where the index has to show if the flag-formation holds and confirms properly or shows to invalidate it which can happen when price closes below the lower boundary. When the bullish scenario plays out accordingly the index can move to its targets but there are still important resistance-clusters lying which first need to be taken out before considering any further substantial bullishness in the middle-to-long-run before this does not happen the index can still reverse and as there are already big divergences in the real economy and stock where many retailers rushing into while smart-money staying out the rallies are highly speculative backed and therefore the bearish scenario should not be kept aside when considering the longer-term perspective and in this case, it is important to not get too overly speculative of possible upcoming rallies and keep the reverse perspective in mind before there isn't validation.
In this manner, thank you for watching, support for more market insight and have a good day!
There are many roads to prosperity, but one must be taken.
Information provided is only educational and should not be used to take action in the markets
EURO STOXX 50 (SHORT)EURO STOXX 50 - the opportunity is a SHORT with pricing collapsing to the BLUE zone and then huge potential falling of the cliff to the blue zone. as the crash unfolds and i have more data i will have a better outlook in prices falling to the YELLOW zone
Short corona VirusMarket is reacting to Corona virus. Virus is likely to spread all over Europe in next 2-3 weeks.
Market already broke the channel. Next target for shorts is the green box on the chart 3200. Will close the position when vaccines is made available to the market. Until then, not closing my shorts :)
Shorting timeThe Euro Stox 50 is near a big resistance at 3817 and couldnt break it after many days of trying but now , the Index is going down and unless we break 3817 I think the downside will continue to 3660
So keep an eye on 3817 level and try to short now at 3768 with a stop loss at 3811 and a first take profit at 3734 then 3680
Daily Europe STOXX forecast analysis 08-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.0% (HIGH) ~ -0.4% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -0.7% (LOW), -0.4% (CLOSE)
EURO STOXX 50 forecast timing analysis by Supply-Demand strength21-Jun
Stock investing strategies TVC:SX5E
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -0.7% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -0.8% (LOW), -0.4% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
BRUTAL: US vs EU stock market comparison.This is no news to anyone who follows the stock market but this is just to put it in perspective how bad the EU is doing.
The euro is lagging, getting close to parity with the dollar and the stock market in Europe has gone nowhere for decades.
If you took all your money out of the Eurostoxx in '07 and put it in the S&P you would have had 3,5 times as much if you had held on.
You would have doubled your money even if you made the decision at the worst point prior to this decade.
The EU is a sinking ship and rapidly declining to 2nd world economic minipower.
Megalomaniacs try to desperately band Europe together with stitches claiming to make the EU relevant on the global stage.
Well they are failing, meanwhile Australia, New Zealand, Israel, Norway, South Korea and many others are proving that you do not need to be big to grow fast.
The election is in May, throw the bums out.
Absolute failure.
Euro Stoxx 50 approaching resistance, potential drop!Euro Stoxx 50 is approaching our first resistance at 3261.7(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3090 (50% Fibonacci retracement , horizontal overlap support)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stoxx50 Reversed Off Resistance, Potential Further Drop!Stoxx50 reversed off its resistance at 3281 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 3196 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
Eurostoxx is showing signs of breaking downLast week I was cautiously optimistic that the EuroStoxx would move higher to 3500, and possibly break from there to complete the mini (inverted) head and shoulders that can be identified since the 30th October 2017. However this week's action adds to a more bearish, alternative path.
The blue support zone is a loosely defined price range of significance; this area has repeatedly acted as a support over the last 12 months. Since the January 2018 correction, all subsequent rallies from this range have failed. The index is now for the sixth time in this blue support zone. Moving averages, RSI and price are all negatively aligned.
Today's price movement is also completing a head and shoulders pattern that has developed since January 2017.
SX%E - Long term bearish outlook - 300 point drop!Very bearish market geometry on display in the Euro Stoxx 50 chart. Bearish are certainly in control with bulls failing to create new highs this years and also a recent failed to re-enter the trading range.
P&F count for this one brings us down the 3100, this ties up nicely with a the previous horizontal resistance developed in 2016.
Good luck!
For more info on potential entry points Join my discord! discord.gg