Kumowizard
Short

Eurostoxx50 - Bearish reversal in focus

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
41 0 1
Daily chart: MACD negative divergence, and likely a bearish cross soon, Slow Stoch is bearish , DMI             gave sell signal. Will it be a double top pattern? Supports at 3046-3065 4 Hrs chart: Inner trend break, DMI             sell signal, Tenkan/Kijun weak bearish cross above the cloud, Future cloud is close to a bearish cross, Price testing 100 WMA . However actual Kumo is quite thick, will be hard to break it for first attempt, and we have a chance for a pull back to ard 3120. The whole thing smells here really. Try to build initial shorts on any pullback ard 3120-3135 range. Real problem will be if it breaks 3000 (see daily chart ), then all mkts will crash and enter secular bear mkt.
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