Short to 2.860, later 2.560 EuroStoxx50 should now go down the gear that DAX and Co have already gone in recent months.
EU50 trade ideas
SX5E: Potential downside to 3100The SX5E is a much narrower index relative to the Stoxx 600 (check out my earlier post) but you get the same bearish conclusion. The SX5E is constrained by a major downtrend line marked by the 2007 and 2015 market tops, it is building somewhat of a expanding megaphone pattern over the last year and a massive MACD divergence from the price action. The last major down swing in Europe lasted for 1 year and I would imagine this down swing to be no different. This year is turning out to be a real dog.
STOXX 50! GOING LONG?!Going long on ''STOXX 50''
If prices break through our key level at 3475.0, we could see a bullish run up to highs of 3575.0/3625.0.
A solid break through our key level, will indicate to me that our targets aren't far-fetched and actually could be attained. Also we could get an opportunity to short this for the equivalent appreciation, which is really good!
SX5E back to wave2!!!TVC:SX5E
With the breakout of 3400 and the deep retracement till 3330 we have to redraw the entire Elliot structure, with the price back in wave2. This structure will be confirmed just if the price hold the support in area 3315/3308. A rebound could find the first resistance in area 3400.
With the breakout of 3308 we'll be back in the ABC structure, with the first target in area 3245/3250 (waveC).
Current exposure: Delta neutral. We have rebalanced our position that was Delta negative from the breakout of 3400.
Delta negative on breakout and daily close of area 3308.
Delta positive on breakout and daily close of area 3400.
Pullback to the 50% Fib? Monitoring the pullback, possibly to the 50% fib.
Look to short if price resists the resistance area shaded. Previous support area on the daily chart.
Await for the ADX above 25 and stoch to confirm downword momentum again.
Now on a downtrend <daily chart- keeping with the overall trend.
SX5E wave3 in formation....TVC:SX5E
Definitely left the range with top 3440, which is now the first support and up to where the price could retrace, the scenario is positive with the next target posted in area 3530/3550 which should be the end of wave3 of the new Elliot structure.
Current exposure: Delta neutral
Delta positive just with a daily close above 3470
SX5E daily analysis.TVC:SX5E
After having tuch another time the bottom of the range, the price regain ground till reach the top.
Tomorrow, on hourly close above 3440 is confirmed the target at 3470 first, then to 3500.
Scenario will change just with an hourly close below 3400.
SX5E Short term analysis...TVC:SX5E
With the today's High the waveC is ended. Due to a thin trading day (Wall Street closing) the index has retraced till 23.6% Fibonacci level of the range B-C.
The breakout of level 3400 could bring the price first to 3380 then to 3360.
On the other side, the breakout of today's High could bring the price in area 3460/3470 first, then in area 3500/3510
Our operative strategies:
Current exposure: Delta neutral
On breakout 3400: Delta negative at least till the first target
On Breakout 3440: Delta positive at least till the first target
EUROSTOXX50 LONG IDEA of 06.02.2018Consolidation dopo rottura Trendline di Lungo periodo
Prezzo si è fermato esattamente sul fondo del range.
Idea personale: se oggi chiude con una doji o un hammer molto probabilmente ci sarà un Bear Trap zona 3300-3330 (entry point "furbo" per comprare) per poi tornare sui massimi del range con extended target @ 3850 circa.
Su monthly la 50SMA coincide con la zona sopra menzionata (in verde) e anche sul weekly sia la 100(rossa) che la 200(viola) stanno approcciando quella zona con tanto di Golden Cross (segnale Bullish)
SX5E EuroStoxx50 Hourly time frame confirm short term "Long"SX5E
After the US CPI data, the price did a new Low and regain very quickly ground.
In hourly time frame this Low should be the end of the corrective WaveB of the pattern (ABC).
An evident divergence in the RSI should be the a signal for a long target in area 3450 (WaveC)
Confirmation should be provide with the breakout of 3368/3370
SX5E Elliot Wave cicle ended.TVC:SX5E
With the minimun of the 9th February, which rapresent 38.2% Fibonacci retracement of the entire Elliot Wave's structure, should be concluded the corrective pattern (ABC).
Short term target:
Upside area 3450/3460
Just with the breakout of 3307 first target in area 3215/3220.
Euro Stoxx 50 outbreak The european Index, DJ Euro Stoxx 50, representing the biggest 50 enterprises (marketcapitalisation) in Europe, has crossed the upper limit of the very long symmetrical triangle.
The fundamental data from EU-Zone and Europe are positive; only the EURO could be an obstacle because it had gained force in comparison with the US-Dollar. But this should change during this year, because of the tax reform from Trump and the tapering from the FED. The Dollar should strengthen versus the Euro.
The european central bank (ECB) has also tapered its QE-Program (with now producing 30 BN Euro per month - out of thin air) but it isn´t expectable to have rising interest rates as well.
With a weaker Euro the Global Player in Europe should take profit and have rising exports.
Of course there are many risks for the EU-Zone; for example the election in italy where it is expected that the Party of Grillo could win - and he is against all the austerity programs of the EU and the ICF.
Technically the Euro Stoxx 50 can profit from its outbreak - if the index doesn´t fall back.
Compared with the S&P 500 (blue line) european stocks have much space on the upside. P/E and P/B are also less expensive than in US.
indicators:
not bullish! - but little signs of a positive trend
Europe 50 starting a new rallyor at least another upleg towards 3700. Last time we updated that index we suggested we would see another leg down at minimum. We got that. Could have been the beginning of something more bearish but recent advance is not only impulsive ( the trend ) but has retraced enough of previous decline to leave us with waves overlapping indicating that at minimum we are in a bullish correction.
In other words if you are using the Elliot Wave Principle you cannot say for sure we started a new rally at 3466 i.e. a 5 waves affair with a minor correction in progress as wave 2 as shown on the chart BUT you can say with high confidence worst case scenario is we are in a bullish correction. The most bearish I could be for now is we would get another leg up towards 3700 in a B wave of a Flat that would be followed by a sharp C wave down just below recent low.
Markets are much more bullish that we all think. It's just it might start to get choppy. Hold on tight.
