Euro Stoxx HOURLY CHART - "In 3220-3240 zone support can be expected. When breaking up through the downtrend channel we can go long." A few points up could be made yesterday, however prices dropped back afterwards. A major red candle was the result. In fact below 3216 isn't really what we want, appearance 3185 MUST provide support if we want to go up for a nice gain the next coming weeks.
DAX HOURLY CHART - "Zone 10500-10450 should provide support. When breaking up through the trend channel, we can go long." A major outbreak almost against the resistance line, good to see. However, lower low isn't what we want to see now. The Dax index is remaining the strongest one. Support is still expected in indicated zone for higher rates. However, it has to happen now, otherwise lower prices will be expected soon.
ES (future S&P500)
DAILY CHART - White candles on Wall Street. Again, formation of the bottom must continue when we want to go towards our wave 5.
