Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Euro STOXX 50 future firm bounce aims up to 3269/72, maybe 3290/91

Posted by on in Equity Index Chart Updates
  • Font size: Larger Smaller
  • Hits: 1159
  • Print
Euro STOXX 50 future firm bounce aims up to 3269/72, maybe 3290/91

European benchmark recovery theme and bull pressures to resurface

·         A further dip to nudge through the trend line support from mid-August (3235), but the subsequent bounce as expected, signal a resurfacing of bull risks for this week and through mid-month.

·         The strong rally from August that overcame important barriers at 3213/25 favours a better bounce from the trend line back to modest resistance at 3269/72 this week, maybe today.

·         We still see risk for a bullish extension, through 3291 and for a challenge to the cycle high at 3322 through mid-month.

·         Extension objectives are at 3342, 3359 and 3373.


·         Below 3201 eases bull risks; through 3167 signals a neutral tone, only shifting negative below 3137.

Download full report, levels & screencast here:


4 Hour Euro STOXX 50 September Future Chart





Last modified on
Rate this blog entry:

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.

He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).

Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.

Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.



  • affiliatelogos.png



  • users1.png
  • users2.png
  • users3.png
  • users4.png