Kumowizard

ESTOXX50 - Corrective move to 3060 expected

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
45 1 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.
Correction upto 3050 only today. Bund, UST, Gold and CHF still trades rather in risk off mood. So maybe that was it? Let's watch if we see a hammer tomorrow. (spike high and fade)
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