The EUROSTOXX 50 confirmed a strong closing last night suggesting we have a s/t bottom at 2064.
The indicators of the daily chart are however still below the line while those of the s/tones are mixed this morning suggesting some consolidation. The move up formed however bearish divergences in the hourly chart suggesting a positive tone. The decline we’re seeing starting this morning is therefore to be considered as a correction and therefore a buying opportunity, especially in case of a return toward the 2150 area.
We suggest waiting for lower levels to buy but for now just close to the 2150 area. We avoid putting already a firm bid.
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FUTURE TREND RESEARCH