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

EuroSTOXX 50 Future Bear Bias Intact

Posted by on in Equity Index Chart Updates
  • Font size: Larger Smaller
  • Hits: 845
  • Print
EuroSTOXX 50 Future Bear Bias Intact

Remember, for a FREE trial of Equity Futures and all reports sign up for a FREE trial by clicking here

And to view the full EuroSTOXX report with screencasts, click here

Another reluctant rebound effort Wednesday to again probe at the 3136/45 area, but we restate that "whilst below 3175 we see negative pressures as intact".

The significant breakdown early in 2015 below 2992 set a more bearish theme and was reinforced by Friday erosion.

Short-term Outlook - Downside Risks:

  • The bearish threat for mid-January is to 2981/77 and back to the 2918/13 lows.
  • Below here targets 2896/80 and 2848/41.

What Changes This? Above 3145 eases bear risks; through 3175 signals a neutral tone, only shifting positive above 3212. 

For Today:

  • Looking for an early bounce to fade towards 3120; then see a downside bias for 3058; break here aims for 3026, maybe 3013/09.
  • But above 3120 aims for 3155, which we would look to try to cap; above targets the firmer barrier at 3175.

Daily EuroSTOXX 50 Future Chart


2 Hour EuroSTOXX 50 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


Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

The last report will be on Friday 4th August, with service resuming on Thursday 24th August.We wish you successful trading in our absence