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Day trade outlook: Dip and a bounce leaves a bull bias

EuroStoxx50

A Tuesday rally to yet another new cycle high to hit and stop at our 3714 target, to build on Monday’s setback and rebound (as also seen last Friday,) exactly from our 3677 support, to reinforce upside pressures from the early November surge through multiple resistances, and despite a dip lower overnight to keep risks higher Wednesday.

  • We see an upside bias for 3714; break here aims for 3726, maybe 3737.
  • But below 3686 quickly opens risk down 3677 and maybe 3665.
by Steve Miley November 13, 2019
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