Kumowizard

ESTOXX50 - Corrective move to 3060 expected

FX:EUSTX50   Euro Stoxx 50 Index
1
After heavy selling in European equities I think we'll see some correction now. Estoxx50 indx has chance to come up to 3060-3070 (maybe even to 3090). Slow Stoch is turning up both on daily and 4 Hrs time frames. Watch 4 Hrs px action there and check if we see a new sell signal, like Slow Stoch bearish cross. The bias is still bearish, unless px closes and stays above 3100.

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