Euro Stoxx 50 – Fighting…far away from Top Year 2007…

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

 

Stoxx-50

 

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

STOXX 50 - M - Line

STOXX 50 - W - Line

STOXX 50 - D - Line

STOXX 50 - M - Fib Ret

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