The short term wave structure becomes corrective to the upside if we immediately head from here down below 3393 points.
This level coincides with an important level on the entire European equity complex. If it gets broken a retest of the early February lows is likely for most of the major European equity indices. However, if the Eurostoxx 50 rests above this level it means that we'll see a third wave to the upside soon.
S/L 3393
T: 3600
This level coincides with an important level on the entire European equity complex. If it gets broken a retest of the early February lows is likely for most of the major European equity indices. However, if the Eurostoxx 50 rests above this level it means that we'll see a third wave to the upside soon.
S/L 3393
T: 3600
Comment:
-2.2%