STOXX 50 On Top. Be Ready To Short.There's only a little chance of breakout up.
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Eurostoxx
DANONE $DANOY Long idea.Drinking a bottle of Evian I thought hmm. Could bounce off that resistance a bit though as it is pretty resting for this stock.Heavy volume looks good too!
SHS on Eurostoxx 50 As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June
Possible cypher formation on the Euro Stoxx 50The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback.
Perfection of the black trend line crossing the triangle from the cypher.
If this rally continues to 3178 then we will have a cypher pattern completion and could go short.
Profit targets indicated by the green boxes. Stop loss indicated by the red box.
#Epic #EuroSTOXX #Crash to be Amplified by Pound Sterling CrisisRE: Global Macro Update Regarding European Union, #ECB, and UK
The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets $FEZ. According to RunningAlpha.com #Capital Markets Intelligence, this currency market action is portending a monetary surprise announcement; and any rate hike in Europe to stem a soon to be out of control falling CABLE would backfire, as it would just put dangerous downward pressure on UK's GDP and Britain's Industrial production, ultimately further weakening the #Pound #Sterling
Best regards,
Efrem -- Looking for better times ahead in the USA after this initial start of the year shock in USA equity markets abates in the not too distant future ( as indicated in prior memos at Running Alpha.com; as the situation rapidly deteriorates in Europe, capital will likely migrate out of Europe into the USA in earnest.
Pound Sterling and CABLE WEAKNESS is Signaling Monetary SurpriseRE: Global Macro Update Regarding European Union, #ECB, and UK
The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets $FEZ. According to RunningAlpha.com Capital Markets Intelligence, this currency market action is portending a monetary surprise announcement; and any rate hike in Europe to stem a soon to be out of control falling CABLE would backfire, as it would just put dangerous downward pressure on UK's GDP and Britain's Industrial production, ultimately further weakening the #Pound #Sterling
Best regards,
Efrem -- Looking for better times ahead in the USA after this initial start of the year shock in USA equity markets abates in the not too distant future ( as indicated in prior memos at Running Alpha.com; as the situation rapidly deteriorates in Europe, capital will likely migrates out of Europe into the USA in earnest.
Crash Warning For Euro STOXX 50 Equity IndexRunning Alpha Capital Markets Intelligence re-iterates its warning posted on Jan 11th, 2016 to Global Investors of an Imminent and Persistent Crash, specifically for Euro STOXX 50 Equity Index ( Symbol FEZ ) .
The benchmark European index, the Euro STOXX 50 should easily retest the crash lows of 2009; USA equity markets do not have a crash signal, but will experience heavy volatility in near term before turning euphoric with a powerful V-bottom recovery from 2016 into 2017. Euro STOXX 50 will see unprecedented volatility -- off the charts and likely accompanied by rapidly deteriorating fundamental and geo-political events.
In summary,
* Long USA Equity Leadership and Short Euro STOXX 50 Index is an opportunistic strategy for the environment upon us now through 2017.
* It is likely that no matter how significant short term volatility gets in USA over the very near term, the persistent panic selling to hit Euro STOXX 50 Index across all time horizons from the near term to the long term will be so extreme that money flows will likely create an episode of strong relative outperformance in USA markets all the way into 2017.
Euro love comingWe stayed out of the Euro last week to let the FOMC announcement shake the "playa's" out of the market. Even after the hoopla, price is still contained inside the wedge. The daily chart is ugly so we look at the Weekly to give us the story. If we get a weekly close outside of the wedge expect them to eat up the supply from the week of 8/24 and try to run the stops at the August highs. If they break it to the downside a test of the March lows is in order. Either way we have a weekly signal that is setting up and when fired will run for a while. For now we wait and keep a close eye on it.
Major Indices Could Make A Temporary TopWe see some major indices in final stages of an extended third wave, that could cause a temporary high on stocks, as we expect a deeper retracement in to a corrective wave four. On some of them we also see a wedge pattern in current late stage of an uptrend. It is called an ending diagonal, that usually causes a sharp reversal that may happen sometime this year.
www.ew-forecast.com
Head fake freddyWe are still watching the E6 closely. There was a false move on Friday. Could this have been the first pump before running? If they push it down Monday or Tuesday the weak longs will get squeezed and bail on their trades. Best to wait for a close outside of the wedge before looking for a trigger.
EUROSTOXX50 will go down ??There has been a big move down the hill for the index. Next week, this may rise up a little bit as a technical correction, but the fall of the index may follow the move of other index i.e DAX, CAC40 to say the least
Eurostoxx Test Prova 3100 is a very important area where there is a stack of PUT options maturing in April
So 3100 could do to support
First Target 3130 Above which the slope of descent sweeten to enter the channel of volatility RED
Only a rise above 3150 may be more consistent
