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Euro Stoxx 50 Index

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EUSTX50 trade ideas

Bullish, bullish, but... Take some coverWeekly: - Super performance, very nice bullish Ichimoku setup still, but... - Price is extremely far above Kijun Sen equilibrium - Major resistance is ahead at 3500+ - Four bullish weekly Heikin-Ashi candles with higher highs, but haDelta and haOscillator show weakness (early call for initial momentum problem), and if you have a closer look at this week's candle, it has a very tiny lower wick too! Daily: - Ichimoku is bullish - Heikin-Ashi is bullish - I only have question regarding MACD and EWO: will they start to build a minor bearish divergence? This market is certainly strong and not a good candidate for a swing short. (For a swing short trade you should look at SPX - see link below) However if you have long Stoxx50 / short SPX spread, or you are long Stoxx50 outright, you should consider to look for a cover.
FX:EUSTX50Short
by Kumowizard
Some deterioration. More pull back exp. below 4H supports.No doubt, the major strategic trend is bullish. However there are multiple signs for a local top, and possibility for more pull back towards daily support zone at 3344-3370: - Daily Heikin-Ashi shows some weakness - Daily MACD crossed down: sign of consolidation - 4H weak bearish Tenkan/Kijun cross, within a neutral Ichimoku setup. - 4H Heikin-Ashi weakness. Heikin-Ashi may give a sell signal below Kijun Sen. - 4H EWO shows absolute loss of short temr bullish momentum. Short term key support is 3400+. I enterred half unit Short at 3416 with Stop at 3341, TP target at 3360. RR is 2,2.
FX:EUSTX50Short
by Kumowizard
1
(Weekly) 1dbl bottom 2shoulders 1head 2necks & 1butterflyTVC:SX5E The amazing price action... -Reversal double bottom; -Major bearish trendline broken, the double bottom "neck" broken, validating the double bottom; -Found resistance at Bearish Butterfly territory; -Two targets for the Butterfly, the second @2933$ (618% retracement) will forge the 2618 bullish setup with initial and default targets around 3600$, the 127% extension, eventual ab=cd as 2nd target, a 3th and 4th targets above the 161% extension and 224% extension... -Ascending structure (at yellow) also with a possibility to "support" the price inside it, forging an eventual 3drives pattern in case of a failed Butterfly... directly testing the highs. -Bearish RSI and MACD Divergence, but looking left/back on previous price action history on similar divergences, the price just forged small degree corrective structures, resuming major trend later... That said... Safe Trades;
TVC:SX5EShort
by Andre_Cardoso
Marine Le Pen is ramping up the EuroSTOXX 50The European economy is showing clear signs of improvement. ECB Chief Mario Draghi said the European recovery was "resilient." The Eurozone PMI rose to its highest level in 69 months. But the sentiment about Europe is turning bearish again. Why? Listen to Bob Pisani, CNBC: "Yet there it was: The German DAX down 1.2% to a new low for the year, with the rest of Europe down as well. What gives? It's obvious that political fears are trumping economic optimism." Why? Because the trading community knows they were wrong on Brexit, they know they were wrong on Donald Trump winning the White House. Now they are beginning to realize that they could be wrong on the direction of European politics, and they are trying not to get surprised again." Source: www.cnbc.com And this is what traders needs to focus on: European Voters feels threatened by Vladimir Putin in the East and Donald Trump in the West. Marine Le Pen made last Sunday probably a big mistake: She is trying to copy Donald Trump (Make France great again) and same time she is in favour for Vladimir Putin. Maybe she might fall back behind Emanuell Macron earlier than epected because of this. The mistake Investors are making is probably that French and European Voters are also scared as investors are about any far right wing party. Germany´s AfD lost in 4 weeks only more than 40% of theire likely voters. The polls showing that the AfD falls back quickly from almost 18% to 10% only. Expect the unexpected: European Voters turning more to those parties calling for a more united and stronger Europe. If you have doubts about this than google what´s going on in Rumania right now.
TVC:SX5ELong
by SwissView
Bullish consolidationBoth the Weekly and Daily time frames show Eurostoxx50 has started its bullish consolidation. Which direction will next leg be, we can not tell from this setup right now. - The strategic weekly setup is bullish, with strong support zone at 3115-3156. Right now Chikou Span hit past Kumo top, which acts as resistance ahead of market. Price got a bit far away from Kijun Sen, this should also make bulls cautious here a bit. Heikin-Ashi signals momentum exhaustion. - Below daily Kijun 3267 space would open to a deeper retracement, and market would probably test daily 100wma and weekly Tenkan at 3156. That is the value level where we should look for next buy signal. If you think in a swing short position, do it only with small size (0,5 risk unit) and strict tight stop.
FX:EUSTX50
by Kumowizard
Consolidation TimeAfter a +22.6% performance since late June 2016, this index has been looking stretched and bound for a consolidation. The long and medium term pictures are still looking positive, a testimony of the general bullish configuration we are still in. However, the short term (daily) has been consolidating form an overbought condition. Would not put new money to work here on the index. The name of the game is to protect existing European positions and be attuned to tactical opportunities brought about by upcoming earnings releases. Watch resistance at 3350 and supports at 3200 / 3100.
INDEX:SX5E
by HAL9000