EUROSTOXX50 anticipated and happened

EUROSTOXX50.DAILY KEY TRADING RANGE AT 2,665-2,465 ALPHA.GLOBAL.INDICES.060711 So far it has been moving as anticipated, with a rally starting right after mid March selloff. The bearish view remains our favorite for now as we expect EUROSTOXX to drop to 2,300 and then 2,000. However, for the moment, prices are locked within a major trading range. The confirmation comes once 2,465 gets breached.
EUROSTOXX50.DAILY HAPPENED The decline we’ve been counting on (being suggested by both the preferred and alternate count) happened. Eventually, prices stabilized between the two anticipated levels 2,300 and 2,000. We now believe that another leg down to 2,000 or even slightly lower is due and only then we will reach a bifurcation point where the two counts split ways.

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Dan-Andrei Rusu graduated in 2005 the Faculty of Economics Cluj-Napoca, “Dimitrie Cantemir” University. In the same year he joined BT Securities as a financial analyst. He is currently the Head of Research at BT Securities and a speaker with Romanian Brokers’ Association. He is an MTA (Market Technicians Association, New York) affiliate and cleared CMT level 1 exam. He is a contributing columnist for Orpheus Capitals for the ALPHA GLOBAL INDICES.