The Sep'09 EuroStoxx took a tumble and will need to sustain a trade below the 2733 Inflection Pivot to keep an edge. If so expectations are for further losses down to 2683. Be patient. This is the low point for any false negative. Jump on any positive REVERSAL signals off this support inflection. A held break under 2683 is a sign of weakness that puts the 2587 target in play. 2481 is the current extreme.
A rise above 2733 puts the negative signal in question for a test of the 2779 resistance pivot. Keep it tight. If the enthusiasm is going to wane it will fizzle here. If so expectations are for the sessions range to contain the MKT into Friday. A breach of 2779 is a fresh positive bringing back the buyers for a charge up to 2864. 2966 is the upper extreme.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
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