Euro Stoxx 50 – Today on ATA Research Radar
ATA Following …
STOXX
21.05.2019 – STOXX Europe 600 – Knocking on Market Heavens Door…
DAX
9.05.2019 – DAX – FIGHTING in MASTER EQUATOR 12.000…
12.05.2019 – DAX BANKS in MARKET ABYSS…
18.05.2019 – DAX Automobile on the Long Term Market Edge…
US
13.05.2019 – NASDAQ – CHINA DRAGON VERBAL STRIKE…
18.05.2019 – DJIA – 3 Peaks of US Equities Himalayas…
19.05.2019 – S&P500 – Another 3 US Stock Himalayas Peaks…
19.05.2019 – DJTA – Lower Top Negative Divergence…
20.05.2019 – DJ UTILITY – Escape to Defense Sector…
20.05.2019 – RUSSELL 2000 – No Total Return after 2018 Shot Down…
20.05.2019 – NYSE Comp – 3 Ever Lower Tops…
with
5.05.2019 – US BOND YIELDS – WALL STREET BUBBLE TOPS & CRISES LEADING INDICATOR …
6.05.2019 – VIX – SECULAR VIEW beyond TRUMP TWEET RISK OFF TRIGGER…
Exactly 12 Years after 2007 Master Top on Euro Stoxx 50
this European Index is still deep under
High – May 2007
( H 4522.24 ; C 4512.65 )
but also
Second Top – March 2015 – ( H 3742.42 ; C 3697.38 )
Third Top – October 2017 ( H 3677.66 ; C 3673.95 )
&
Now Testing 3380 -3390 Zone
with
Psychological Key Level 3400
still dominating
Risk of 2 Long Term M Patterns
First March 2015 – October 2017 – Top Zone 3700
Second July 2018 – April 2019 – Top Zone 3500
with
Hybryd H&S Pattern December 2013 – May 2019
Neckline 3000
&
Last
H&S Pattern March – May 2019
Neckline 3330
of course
Master Key Condition
No EOW & EOM Close > Key Levels 3600-3700 Zone
vs
Break Up Key Levels 3600-3700 Zone
will open
Market Upside Space for European Equities
to
Top 4500 Zone from May 2007
&
Cancel Risk Off Patterns
with
Deep Falling Wave Risk
Present Euro Stoxx 50 Situation
ATA MIND OVER MARKETS
ATA MARKET MODEL :
First…Market Motive…
Second…Market Technical Pattern…
Main Global Risk Off Motives
Risk of Global – US Slowdown or Recession
Trump Trade War
with
Tariffs Trump Key Tweet
New US Tariffs
New China Tariffs
&
US – IRAN Geopolitical Risk
vs
US GDP
Main Technical Patterns
European Index is still deep under
High – May 2007
( H 4522.24 ; C 4512.65 )
but also
Second Top – March 2015 – ( H 3742.42 ; C 3697.38 )
Third Top – October 2017 ( H 3677.66 ; C 3673.95 )
vs
MACD Monthly near Active Buy Signal – EOM – May
Now Testing 3380 -3390 Zone
with
Psychological Key Level 3400
still dominating
Risk of 2 Long Term M Patterns
First March 2015 – October 2017 – Top Zone 3700
Second July 2018 – April 2019 – Top Zone 3500
with
Hybryd H&S Pattern December 2013 – May 2019
Neckline 3000
&
Last
H&S Pattern March – May 2019
Neckline 3330
of course
Master Key Condition
No EOW & EOM Close > Key Levels 3600-3700 Zone
vs
Break Up Key Levels 3600-3700 Zone
will open
Market Upside Space for European Equities
to
Top 4500 Zone from May 2007
&
Cancel Risk Off Patterns
with
Deep Falling Wave Risk
Euro Stoxx 50 Present Active Range
3530-3500 – 3380
ATA Investment Conclusion
Focus on
Present Main Key Range 3530-3500 – 3380
&
FIB RET ( Monthly )
TRUMP Rising Wave
vs
Rising Contraction
with
Looking for
Dynamic Wave activated Present Key Levels…
always remember
Most Important is Final Smart Money Reaction
First…EOD-s
Second…EOW-s
Final…EOM – Key Month May
Euro Stoxx 50 Monthly , Weekly & Daily Charts :
21.05.2019
ATA FINANCIAL RESEARCH 