Dax… Euro Stoxx… SSO

Both the Dax & Euro Stoxx are into our qtrly pivots (support zones)
after major profit taking and ORL daily patterns.

SSO…has the potential for an ORL week with a close tomorrow under 99.80.

We’re in need of another 1-2 days of price action to determine if this is just profit taking from a very overbought condition, or it’s something more substantive.

I need another day or two for pattern confirmation.

140102_112619_CQG_IC_Chart_S_EWG_-_iShares_MSCI_Germany_ETF_Weekly

140102_112454_CQG_IC_Chart_DD_-_DAX_Index_Daily_Continuation_(Delayed_by_15_mins)

140102_112438_CQG_IC_Chart_DSX_-_Euro_STOXX_50_Daily_Continuation_(Delayed_by_15_mins)

This entry was posted in Archive and tagged , , , , , . Bookmark the permalink.