Dax 40 paused for quite a while at 23.6% resistance at 14360/380 with a break above 14410 eventually for a buy signal targeting 14500 & 14600/650. A high for the day here.
EuroStoxx 50 MARCH we wrote: managed a bounce to 3810/00 & my next target of 3880/90. A break above 3910 signals further gains to 3950 & probably as far as strong resistance at 3985/95.
A high for the day exactly here!
FTSE 100 MARCH through the roof & unexpectedly reaching as far as 7530.
Update daily at 07:00 GMT
Today's Analysis.
Dax beat resistance at 14360/380 for a buy signal targeting 14500 & 14600/650 & perhaps as far as strong resistance at 14750/850 on Monday. Sell with stops above 14900. A break higher however is a buy signal targeting 15000/15050, perhaps as far as 15300/350.
Shorts at strong resistance at 14750/850 target 14650 & 14500. First support at 14380/360. Longs need stops below 14300. A break lower targets 14150 before strong longer term moving average support at 14100/000. A break below 13950 however could retest 13780/750. Less chance this will hold on the next test.
EuroStoxx beat 3880/90 for buy signal hitting my targets of 3950 & strong resistance at 3985/95 with a high for the day exactly here. A break above 4010 is the next buy signal targeting 4060/70, perhaps as far as strong resistance at 4135/45.
Failure to beat strong resistance at 3985/95 targets 3940 then first support at 3905/3890. A break below 3875 however risks a slide to 3845/35 before a retest of support at 3750/40.
FTSE in a stunning performance as we ran up over 300 points. Could continue higher after such a strong performance targeting 7570/80 before a test of resistance at February's high of 7620/30. A break higher is a strong buy signal initially targeting 7750/70.
Downside is likely to be limited with first support at 7445/30 then support again at 7385/75.
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