Charmer Charts Dax & EuroStoxx daily technical anlaysis forecast

[CharmerCharts]

Euro Stoxx has good support at 2734/32 with buyers likely to attempt longs here and add
down to 2725. Look for a bounce back from here today but stops will need to be
activated below 2720 as this should lead to further losses with 2708 then the next
target. Any further losses could test 2695 which should be an excellent buying opportunity
today.
Bulls need to see a break above the 2776/78 area for a move to 2795 on the way to
trend line resistance at 2819/21 today. Sellers will see this as their opportunity to
force a ceiling in prices today so watch for profit taking and the risk of the market
tumbling lower.

Dax has support down to 6139/33 but prices below here signals a move towards
6107/02 where we could see buyers attempting longs today. However stops below
6094 could then keep prices tumbling further with a test of 6164/54 then likely although
this should be enough movement to the downside today so look for a
bounce from here. Only below 6040 sees further weakness to 6027/16 next.
If we can hold above 6133 there is scope for a test of last week’s highs at 6175/79
and this should remain hard to beat, so sellers will attempt shorts here once again
in the hopes of capping the market before a correction lower. However if we do
break higher then we should be on the way to 6207/10 before 6218/26. Then only a
break of 6235 allows for further gains to 6247/49.

 

[CharmerCharts]

Euro Stoxx plunged to the 2708 target which held.
Support remains at 2710/08 today but any further losses below here could test 2695 which may be an buying opportunity today. A break below 2690 however sees prices sliding towards excellent support today at 2674/70. However stops on longs need to be activated below 2764 as this signals continued selling down to 2646/40 today.
A test of the upside is possible if we can hold above yesterday’s low at 2610/08. This could take prices up to 2743/46 and this will be the crucial test for today. Sellers will try hard to cap the market here but a break above 2752 could signal a run up towards recent highs at 2769/73. This should be too tough to beat and may be an excellent opportunity for establishing shorts for a move lower in to the end of the week. Bulls need to see a break above the 2776/78 area for a move to 2795 on the
way to trend line resistance at 2819/21 today. Sellers will see this as their opportunity to force a ceiling in prices today so watch for profit taking and the risk of the market tumbling lower.

Dax will need to hold on to 6082/79 today to give bulls hope of getting back above 6126/29. If we can then break through 6140 here there is scope for a test of 6155 on the way to last week’s highs at 6175/79. This should remain hard to beat, so sellers will attempt shorts here once again in the hopes of capping the market before a correction lower. However if we do break higher then we should be on the way to 6207/10 before 6218/26. Then only a break of 6235 allows for further gains to 6247/49.
Below 6107/02 keeps pressure to the downside with a test of yesterday’s low of 6082/79. If this does not hold today then a visit to 6064/54 is likely although this could be enough movement to the downside today so look for a bounce from here.
Only below 6040 sees further weakness to 6027/16 with 5997/91 the next stop below.

 

[CharmerCharts]

Dax paid a visit to 6064 and as predicted this marked the low as we shot higher to
6179 which marked the high, again just as predicted. The market closed quite firm
but weakness is likely today none the less.
A double top now signals losses for today’s session and a move below 6136 is your
first sign of weakness. This should lead to a test of good support at 6109/04 for
short covering and maybe a small bounce from here. Eventually a break below 6100
may be seen for a slide to 6085 on the way to better support at 6067/63 which held
yesterday. Buyers will attempt longs here again but will need to activate stops below 6054 as this signals further losses for this market down to 6028/23. This could well mark the low for today but stops on longs would be needed below 6015.
However if we do sustain a break above 6179/82 then we should be on the way to 6207/10 before 6218/26. Then only a break of 6235 allows for further gains to 6247/49.

Euro Stoxx only dipped as far as 2703 before turning higher to test 2746 and then broke higher to 2761, just short of our selling opportunity at 2769. However it does look like we could turn lower again today.
A test of support at 2738/36 will help to give us direction as below here could weaken prices down to 2728/25 initially but there is scope for 2715/13 to be tested. If this level fails we should challenge yesterday’s low at 2703/2700. There is a chance of this holding today but a break below 2795 activates stops on longs as the market slides towards 2678/77 next.
Only above 2761 signals a run up towards recent highs at 2769/73. This should be too tough to beat and may be an excellent opportunity to establish shorts for a move lower in to the end of the week. Bulls need to see a break above the 2776/78 area for a move to 2795 on the way to trend line resistance at 2819/21 today. Sellers will see this as their opportunity to force a ceiling in prices today so watch for profit taking and the risk of the market tumbling lower.

 

[CharmerCharts]

Euro Stoxx tested support at 2736 and this in fact marked the low. We then shot higher through 2778 to test 2795 which held the upside.
Initial support seen today at 2758/55 but we could see 2748/43 before buyers try their luck today. Below 2737 however sees further selling pressure down to 2727. Sellers will wish to cover shorts here in case of a bounce but watch for a break lower as there is scope for prices to close the gap to 2713/10 where there is excellent support and this should be an excellent buying opportunity.

If we can hold on above 2770 then we may see another test of yesterday's highs at 2793/95. A break higher from here can then test trend line resistance at 2811/14 today. Sellers will see this as their opportunity to force a ceiling in prices today so watch for profit taking and the risk of the market tumbling lower.

Dax just managed to hold on to 6136 which catapulted the market higher to 6226 but we then failed at our weekly target of 6233/35 to halt further gains.

If we remain below 6196 look for 6172/68 next. We could see 5153 before buyers decide to try their luck today and they may wish to add to longs down to good support at 6144/40. However a break below 6134 should activate stops as it signals further losses down to 6112 and this could mark the low for today so watch for keen buyers here. Only below 6107 keeps pressure to the downside with 6088/83 likely to be seen.

However if we do sustain prices above 6196 this gives scope for bulls to test yesterday's highs at 6235. Then only a break above 6239 allows for further gains to 6247/49 and then perhaps 6264/67.

 

[CharmerCharts]

Dax: A higher open could see a test of last week’s highs at 6235. Then only a break above 6239 allows for further gains to 6247/49 and then perhaps 6264/67 today. If we make it through this area today then we will have a new target of 6318/24 to head for.
6196 is your first support today and then 6176/72 below. We could see 6153 with buyers trying their luck here and they may wish to add to longs down to good support at 6144/40. However a break below 6134 should activate stops as it signals further losses down to 6112 and this could mark the low for today so watch for keen buyers here. Only below 6107 keeps pressure to the downside with 6088/83 likely to be seen.

Euro Stoxx bounced just ahead of 2758 support and should open higher this morning.
The first challenge will be last week’s highs at 2790/93. A break higher from here can then test trend line resistance at 2811/14 today. Sellers will see this as their opportunity to force a ceiling in prices so watch for profit taking and the risk of the market turning lower. However a break above here free bulls to chase the market higher to 2821/25 before a target of 2845/49.
Below 2770 sees weakness creep in to the market with 2764/62 likely to be tested but below 2758 sees further selling pressure. We could see 2748/43 before buyers try their luck today. Below 2737 however sees further selling pressure down to 2727. Sellers will wish to cover shorts here in case of a bounce but watch for a break lower as there is scope for prices to close the gap to 2713/10 where there is excellent support and this should be an excellent buying opportunity.

 

[CharmerCharts]

Dax failed below 6293 which only serves to enforce our view that the market may be making a short term top. Only above 6293 today will allow bulls to chase the new target of 6318/24. Above here could see a test of 6342/47 and then 6374 before a challenge of this year's highs so far at 6391.

Failure at 6293 again sees the market heading for excellent support at 6230 which held yesterday and may well do the same today. However if this fails to hold then look for prices to trade down and fill the opening gap to 6218/12 which may be worth attempting longs. Stops would need to be placed below 6207 however. Below here should lead to a test of support at 6195/93 and there is a very strong chance of a low for the day here so watch for a bounce. Only below 6180 can we expect further losses towards 6168/66.

Euro Stoxx held below 2821/25 topping at 2813, below the trend line, and this could see pressure build to the downside, with daily stochastic severely over bought. We may test those recent highs today and run in to sellers again Only if we can break above 2821/25, look for the highs of August at 2845/49. This should be tough to beat and sellers may want to attempt shorts here with stops above 2857. This should allow further gains to 2875/79.

Support seen at 2608/02 today and then 2790/88 which could see buying interest and bulls may wish to add to longs down to 2780/78. This should be an excellent buying opportunity today but those buyers will need tight stops as if we break lower we could then see prices trade down to the 2770/64 area.

 

[CharmerCharts]

Dax dipped to ‘‘excellent support at 6230 which held yesterday and may well do the same today’’ as stated yesterday and indeed the low was 6228. This may be all we see for the expected correction this week so be wary of a break higher today.
Bulls will need to beat 6293 to chase a new target of 6318/24. Above here could see a test of 6342/47 and then 6374 before a challenge of this year’s highs so far at 6391. This level would be expected to attract sellers today and cap the market.
Failure at 6293 again sees the market heading for that support level of 6230/28 but there is an increased chance this will fail today. If so, look for prices to trade down and fill the opening gap to 6218/12 which may be worth attempting longs. Stops would need to be placed below 6207 however. Below here should lead to a test of support at 6195/93 and there is a very strong chance of a low for the day here so watch for a bounce. Only below 6180 can we expect further losses towards
6168/66.

Euro Stoxx dipped to ‘‘excellent support at 2780/78. This could be a buying opportunity today to cover shorts and attempt longs’’ as stated yesterday and indeed the low was 2776.
That may be all we see of the correction we looked for this week. We may head back towards the week’s highs today with 2814/16 the first target to beat. We could run in to sellers again between here and 2821/23 but watch for a break above 2826 to keep bulls pushing forward for the highs of August at 2845/49. This should be tough to beat and sellers may want to attempt shorts here with stops above 2857. This should allow further gains to 2875/79.
If prices sink back below 2790/88 we should test that excellent support at 2780/78 again for a buying opportunity today with buyers looking to add to longs down to the 2770/66 area. There is a chance of a low here today but stops would be needed below 2763 as this continues the downside pressure towards 2755/52.

 

[CharmerCharts]

Dax December contract has a target of 6318/24 on the upside. Above here could see a test of 6342/47 and then 6374 before a challenge of this year’s highs so far at 6391. This level would be expected to attract sellers today and cap the market.
First support comes in today at 6280/75. Below here sees the market heading for 6247/37 which could hold the downside today. If this fails with a break below 6226 we could see prices testing support at 6210/06.

Euro Stoxx December contract will need to break above 2814/16 but could run in to sellers again between here and 2821/23.
Watch for a break above 2826 to keep bulls pushing forward for the highs of August at 2845/49. This should be tough to beat and sellers may want to attempt shorts here with stops above 2857. This should allow further gains to 2875/79.
If prices sink back below 2790/88 we should test support at 2780/78 again but the chances of it holding again are diminishing so it may be better to wait for the 2770/66 area to attempt longs. There is a chance of a low here today but stops would be needed below 2763 as this continues the downside pressure towards 2755/52.

 

[CharmerCharts]

Euro Stoxx ran in to sellers before testing 2814/16 and the market plunged as far as 2732. We formed a double top on the hourly charts plus a Weekly reversal pattern as we finally rejected the trend line, which should indicate a weakening market in the day’s to follow.
In the short term we look a little over sold so a correction higher is possible today and this should offer a better selling opportunity for the expected losses later in the week. We will need to see the market back above 2750 for a run up to 2761/64. From here up to 2770 should see sellers attacking the market once again now that they managed to find a top at our trend line last week. Stops would only be needed above 2780 as this would allow prices to correct further up to 2791 today which should meet with more selling.
Support today comes in at 2732/25. There is a good chance of this holding today but a break below 2712 indicates further losses to 2696/90. This is good enough support for a low but again a break below 2783 should activate stops and keep prices sliding towards 2666/64.

Dax December opened higher but reversed the gains and closed near the low point of the week. A huge key reversal day indicated a top in this market and we should head lower this week. However a bounce today is possible to provide better selling opportunities.
We will need to beat 6228/32 for a run to 6247/49 and if we can make it through here today then look for 6264/67. This is where sellers will be keen to start establishing shorts, adding up to 6282 and we are unlikely to make it any higher today.
Failure at 6228/32 keeps sellers in control for today’s session and we should see a retest of last week’s lows at 6193. A break below 6187 sees continued downside pressure to 6145/39 which could mark the low for today so worth covering shorts here and attempting longs with a tight stop below 6130.

 

[pboyles]

Euro Stoxx
. There is a good chance of this holding today but a break below 2712 indicates further losses to 2696/90. This is good enough support for a low but again a break below 2783 should activate stops and keep prices sliding towards 2666/64.


.

This line doesnt make sense, should it read 2683?

 

[CharmerCharts]

This line doesnt make sense, should it read 2683?

My apologies and thank you for pointing out my mistake. You are correct, it should read 2683.

 

[CharmerCharts]

Euro Stoxx corrected Friday’s losses as hoped but rallied further than expected to test last week’s Dec contact high.
Failure here is possible today with short and longer term stochastics very over bought. We have also held below the trend line you see in the chart as well as a double top on the 60 minute charts. Initially we should see 2793/90 but below 2785 sees further selling to support for short covering at 2778/76. Buyers may wish to attempt longs down to 2771/69. This could hold for a while and see a small bounce but a break below 2762/60 then targets 2750/48 today.
A break above 2811/14 however would have bulls chasing recent highs at 2823 and
then 2849.

Dax headed higher than expected to 6327 but failed to challenge last week’s high at 6338.
We are now overbought on daily and hourly stochastics and with failure to break higher yesterday we may see some profit taking. 6277 is our first target for short covering and maybe attempting small longs and adding down to 6264. However a break below 6260 signals further losses towards 6248/44 and then perhaps 6227/22.
Only a break above 6338 keeps bulls in the game for a test of 6374 and then the August highs of 6391.

 

[CharmerCharts]

Dax only got as far as the next resistance level at 6347 before turning lower to ‘‘6277...our first target for short covering and maybe attempting small longs'' and as hoped this marked the low for the day.

If we hold above 6270 today then can regain the ground above 6290 we could see 6313/20 next. Above here could allow bulls to test yesterday's highs at 6347/49. Only a break above here keeps bulls in the game for a test of 6374 and then the August highs of 6391. Below 6270 should lead to a test of 6253/49. Again worth attempting longs here with stops below 6244 for a slide towards 6228/26. If this area does not hold today then we could test last week's lows at 6193.

Euro Stoxx failed to break 2814 and fell, to mark a low where we had predicted for the day at 2769.

If the market holds below 2786/83 we could see another test of the 2769/64 support band. Buyers may wish to attempt longs here with tight stops below 2760. Watch for a break lower today to target 2750/48 before last week's lows at 2732 and then 2716 below. Back above 2783 should see 2796/2800 today. A break above 2814/16 however would be required to have bulls chasing recent highs at 2823 and then 2849.

 

[CharmerCharts]

Todays forecast by Charmer Charts:

Dax plunged for a test of last week's low but bounced just above at 6201. With the market oversold we may see the market attempt a bounce back today for a better selling opportunity as the market appears to be making a top in the longer term.

First sign of strength is a move above 6244 as this should see a test of 6257. If we make it above here look for 6271/74 for profit taking and perhaps the chance to attempt shorts. Tight stops above 6378 will need to be activated as this should lead to 6290/93 as the next stop. This could be tough to beat today but if successful bulls will want to push on for yesterday's highs at 6314.

Below 6228 risks a slide to yesterday's lows at 6201 and from here down to last week's lows at 6193 could offer good support again today. If we do break lower we should see 6178 quite quickly and below 6175 should see shorts established once again as this signals further steep losses with 6142/33 the next main target. If we fall this far today it should be worth covering shorts as brave buyers attempt longs.

Euro Stoxx headed lower as expected to test last week's low at 2732. Good support remains here today with the market oversold in the short term, so as long as we hold above 2730 we could see a bounce to provide a better selling opportunity for a potential fall in the market tomorrow.

The level for bulls to beat is 2756 this morning and if they can take this out look for 2764/67 as the next target for profit taking as some sellers decide to attempt shorts. Stops on those shorts likely to be placed above 2772 as this allows further gains to the 2781/84 area which may be worth attempting shorts again with a stop above yesterday's highs at 2794. Bulls will then need a break above 2803 to challenge recent highs at 2814/16.

A break below 2725 however ignores the short term over sold scenario and keeps prices under pressure for 2716 next. Failure here would see prices continue to tumble towards 2696 today. This should be enough on the downside for now so expect to see short covering as brave buyers attempt longs here.

 

[CharmerCharts]

Dax reached 6274 ‘‘for profit taking and perhaps the chance to attempt shorts'' the high being exactly 6274 on the day. We then headed lower all the way to ‘‘6142/33 the next main target. If we fall this far today it should be worth covering shorts as brave buyers attempt longs.'' This did in fact mark the low for the day.

Any bounce today would need to beat the 6198/6205 area for a chance to see a recovery today. If so we should pay a visit to 6221/27 for profit taking and perhaps sellers will want to attempt shorts here with stops above 6233. Above here sees a jump to 6244/49 which should be enough on the upside so look for the market to top out here today. The 6142/33 area could act as good support again today but if it fails then sellers will keep the pressure on for 6109 on the way to support at 6082. At this stage we should be looking a little oversold so short covering could be a good idea. Brave buyers will want to attempt longs here looking for a quick turn in the hope of a bottom for the week here today. However stops on those longs would be needed below 6060.

Euro Stoxx hit 2764/67 which as stated was expected to be ‘‘the next target for profit taking as some sellers decide to attempt shorts. Stops on those shorts likely to be placed above 2772''. 2769 was the high of the day as we plungedto 2696. ‘‘This should be enough on the downside for now so expect to see short covering as brave buyers attempt longs here.'' Indeed the low was exactly 2696.
There is a chance of this support holding again today to allow a small bounce. Initial resistance is in the 2723/32 band but above here opens the door to 2741 which is going to be today's major obstacle. Look for profit taking on longs here as sellers attempt shorts but a break higher should then target 2753/56 before yesterday's highs around 2767/770.

If 2796 fails to hold then bears will remain in control as the market heads for 2666/64. At this stage we could look a little oversold on the 60 minute charts so short covering may be advisable here as brave buyers decide to dip their toes. Those buyers will need stops below 2660 as this could lead to a visit to 2653/47 before decent support at 2625/21.

 

[CharmerCharts]

Today's CharmerCharts.com forecast (Available from 7am):

Euro Stoxx managed to stage a recovery as hoped but went further than expected, hitting 2790.
The market is overbought in the short term so be wary of a pullback to 2770/67 where buyers may look to enter again. If this fails 2757/56 could well mark the low for today so should be worth bulls attempting longs here with stops below 2748.
A break above 2790 resistance keeps bulls in the game for a test of last week’s high at 2814/16. From here up to 2823 should be too tough to beat today so sellers may wish to attempt short positions in this region. However a break higher will open the door to a test of August highs at 2845/49.

Dax December Contract - Dax bounced higher as hoped beating the 6198/6205 area to travel further than expected to 6323.
The market is over bought in the short term but had support at 6282 which could well hold the downside today. If this does fail then sellers will jump back on board looking for a slide down to 6257 for short covering. Worth attempting longs here with tight stops as this could mark the low for today. Above 6323 could leads to a test of this years highs so far at 6374/91. If this level can be beaten we should be on our way to 6471.

 

[CharmerCharts]

CharmerCharts.com daily technical anlaysis forecast (Available from 6.30am):

Dax December Contract
Dax topped at 6338 resistance and then hit our support at 6282. We wrote yesterday that this ‘‘could well hold the downside today’’ and the exact low for the Dax was at 6281. The worry for bulls is the failure just below last week’s high at 6349. The double top formation indicates weakness to follow in to the end of the week. Confirmation would come with a break below the 6268/64 support level to target 6249/46 next. This could hold today so watch for short covering but a break lower would then see a test of 6201/6192 today.
Bulls will need to get this market through 6295/6308 for a chance to test yesterday’s highs at 6338/40. Above here leads to a test of last week’s high at 6349. This will be crucial and could be tough to beat today. Only a break higher will relieve any downside pressure and take the market up towards this years highs so far at 6374/91. Again, this
should be very tough indeed to break today but if this level can be beaten we should be on our way to 6471.

Euro Stoxx was held back by the trend line once again as the market bottomed at 2757/56 as expected, as we stated yesterday ‘‘could well mark the low for today’’ .
So a bounce this morning is possible with 2776/78 the target. If we make it through here as indeed we may, we could test yesterday’s highs at 2801. This level would need to be broken and we would need to see a close above in order to allow further gains this week with 2816 the next target. From here up to 2823 should be too tough to beat
today so profit taking may be advisable in this area. However a break higher will open the door to a test of August highs at 2845/49.
If we cannot hold above 2752 then we should see the market drift lower again to good support and a buying opportunity today at 2742. There is a strong chance of a low here today but buyers will need stops below 2740 for a target of 2731/26 next.

 

[CharmerCharts]

Our forecasts are available from 6am.

Euro Stoxx beat 2776/78 but failed at 2689 to see the market dip towards 2726 support. 2726/23 will need to be watched closely today as a break lower is likely to keep sellers in control down to 2706 and then 2696 which should act as good support today. If however this level were to give way today with a break below 2684, we could see prices tumble towards 2658/53.

Bulls need to se prices back above 2752/55 for a test of 2776/78. Then a break above yesterday's high of 2789 is required to test Monday's highs at 2801. This level would need to be broken and we would need to see a close above in order to allow further gains this week with 2816 the next target. From here up to 2823 could be too tough to beat today so profit taking may be advisable in this area. However a break higher will open the door to a test of August highs at 2845/49.

Dax failed the test of Monday's highs at 6338/40 and the market headed lower to 6232 support which held the downside. We will need to see a recovery above 6267 for a look at 6303/05 today. If we make it through this level then look for a test of that 6336/40 area once again for another potential selling opportunity. We then need to see a break above last week's high at 6349 to relieve any downside pressure and take the market up towards this years highs so far at 6374/91. Again, this should be very tough indeed to break today but if this level can be beaten we should be on our way to 6471.

Watch the 6235/32 level carefully as if this gives way we will look for a test of this week's lows at 6210/05. A break below 6192 would then keep sellers in control for 6155/50 and then 6136/32 below where we have a chance of a low point for today.

 

[CharmerCharts]

Euro Stoxx remained range bound on Friday holding 2726/23 support nicely until a late break lower which then held the 2706 level once again So 2706 will be the level to watch today. If it fails to hold today look for 2696 which should act as good support today. If however this level were to give way with a break below 2684, we could see prices tumble towards 2658/53.
Bulls need to see prices back above 2732/35 for a move to the mid range area of 2752/55. Above here would then allow for a test of 2776/78. Then a break above 2787/89 is required to test last Monday’s highs at 2801. This level would need to be broken and we would need to see a close above in order to allow further gains this week with 2816 the initial target. From here up to 2823 could be too tough to beat so profit taking may be advisable in this area. However a break higher will open the door to a test of August highs at 2845/49.


Dax had an inside day, topping out at our 6303/05 resistance and tumbling to 6210/05 but managed to hold above the stop level of 6192 to allow some profits for bottom pickers.

If we make it back above 6267 we can look for 6303/05 again today. If we make it through this level then look for a test of that 6336/40 area once again which could be another potential selling opportunity. We then need to see a break above recent highs at 6349 to relieve any downside pressure and take the market up towards this years highs so far at 6374/91. Again, this should be very tough indeed to break today but if this level can be beaten we should be on our way to 6471.

Below 6235/32 this morning we will look for a test of last week's lows at 6195/93. A break below here would then keep sellers in control for 6155/50 and then 6136/32 below, where we have a decent chance of a low point for today.

Watch for tight stops on a break below 6130 to signal further losses to 6115/09 and then perhaps 6087/82.

 

[CharmerCharts]

Today's Charmer Charts.com forecast (available from 6am)

Dax December Contract
Dax lost ground on Monday but held just above the 6115 level.
Any bounce today will need to beat 6155/60 to allow a run up to 6182/86. Profit taking on short term longs is likely here but if bulls can push prices through 6193 we should see a test of 6207/10 next. If the market can make it any higher today then we could see a test of 6228/32 which should be enough on the upside for today. Any shorts positions
instated here however would be looking to stop out above 6240 as this could signal a run up to 6258.
Failure at or below 6160 could signal a test of yesterday’s low at 6118/15. Watch for a break below 6109 to keep the pressure to the downside with sellers looking to test support at 6087/82. This is a 50% retracement of the rally in September and as such could see some buying interest today for a bounce back. However if this level gives way sellers will remain in control for a dip towards 6067/64. Then only a break below 6052 can keep prices heading south for 6023/19 and then 5990.

Euro Stoxx dipped to 2670 in a fairly quiet session. 2766 is a 50% retracement of the rally in early Sept so the 2670/66 will need to watch closely today.
We should see more buying interest around this level today but if we cannot hold above here we could see prices tumble towards 2658/53 and then 2633 and 2613/10 below.
Any recovery will need to beat 2690/92 for a run up to 2705/08 as the next target. Resistance here may see some selling but if we break higher look for 2715/17 and perhaps even 2725/28. However there is a good chance that this resistance level will cap the upside today so be prepared for a wave of profit taking here. Only a break back
above 2732 can allow further gains today with 2743 the next target to aim for.