The EUROSTOXX 50 confirmed already a retest of yesterday’s bottom where it seems to find some support, at least for now. The daily closing was again weak well below the low of the previous session suggesting we could have a s/t top at 2509!!
The indicators of the daily chart are now turning below the line and also those of the s/t ones are in negative territory supporting lower levels. Bullish divergences in the hourly chart confirm a negative tone. Possible rebounds are therefore corrective and selling opportunities, especially close to the 200 hours line, now resistance at 2344.
We wait for a decent rebound to sell.
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