Tuesday, November 30, 2010

Indices Trading - Eurostoxx 50

For now it looks like the Eurostoxx 50 is breaking below trendline support. A clear singnal would be a close below the trendline today and maybe tomorrow a failed retest of this trendline. Why tomorrow? Because tomorrow is December 1st and on the first trading day of a month there is usually a bias to the upside.

If the Eurostoxx 50 can close above 2700 this week it could be a false break and as a result a strong bounce could occur.

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