{"id":12429,"date":"2012-05-15T07:00:00","date_gmt":"2012-05-15T07:00:00","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.ch\/home\/vl27cm72\/etfworld.ch\/wp\/index.php\/2012\/05\/15\/technical-analysis-eurostoxx50-index-the-bearish-dynamics-resumes\/"},"modified":"2012-05-15T07:00:00","modified_gmt":"2012-05-15T07:00:00","slug":"technical-analysis-eurostoxx50-index-the-bearish-dynamics-resumes","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/ch\/technical-analysis-eurostoxx50-index-the-bearish-dynamics-resumes\/","title":{"rendered":"Technical Analysis: Eurostoxx50 index : the bearish dynamics resumes"},"content":{"rendered":"

Technical Commentary:<\/strong> The Eurostoxx50index is composed by the 50 most important equities of the Euro zone countries. These stocks have been selected among the most liquid and highly capitalized; they are also representing various sectors of European\u00a0 ..<\/span>..<\/p>\n

<\/p>\n

\n

Day By Day – Indipendent Research<\/p>\n

\n
…economies, therefore reflecting their global structure. Since the violent fall last summer, the index has recoveredfor sevenmonths. This movement seems to have ended as prices are no longer bouncing off supports while recent tops and bottoms are lower and lower; even the moving averageis now declining. The former dynamics resumes: we are bearish in the medium term.
\u00a0<\/strong><\/div>\n
\"15052012_1\"<\/div>\n

<\/strong><\/div>\n
Anticipation\u00a0 :<\/strong><\/div>\n
On the short term side, prices are currently testing the powerful 2192 points support level. This threshold, tested on several occasions, is the 61.8% correction level of the whole rise since the September 2011 bottom. Nevertheless, this major level does not trigger any strong bounces anymore and we can expect its breach.\u00a0 This event would start a bearish acceleration toward the 2011 lows. <\/p>\n

We are therefore negative on the short term and we expect the bearish dynamics to resume with successive targets at 2131 ad 2066 points.<\/p>\n

We set the invalidation level of this negative scenario slightly above the 2285 points resistance.<\/p><\/div>\n

<\/p>\n

<\/div>\n\n\n\n\n\n\n\n\n\n\n
Close price<\/td>\n2255<\/td>\n<\/tr>\n
\n
\n<\/td>\n<\/tr>\n
2 months Opinion<\/td>\nBEARISH<\/td>\n<\/tr>\n
2 weeks Opinion<\/td>\nNEGATIVE<\/td>\n<\/tr>\n
\n
\n<\/td>\n<\/tr>\n
Resistances<\/td>\n2285 \/ 2361 pts<\/td>\n<\/tr>\n
Supports<\/td>\n2192 \/ 2131 pts<\/td>\n<\/tr>\n
\n
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n

\n
Follow-up Analysys:<\/strong> On April 10th, 2012, we have recommended the purchase of Markit iBoxx Euro Liquid Corporates index ETFs related. Since then, the scenario has been confirmed and the 184.30 points target we had set should be reached in the coming days.<\/div>\n
\n

DISCLAIMER<\/strong> <\/p>\n

This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext\u2019s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext\u00ae, trackers\u00ae, are registered marks of NYSE Euronext.<\/p>\n

Source: ETFWorld – Day By Day – Indipendent Research<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Technical Commentary: The Eurostoxx50index is composed by the 50 most important equities of the Euro zone countries. These stocks have been selected among the most liquid and highly capitalized; they are also representing various sectors of European\u00a0 ….<\/p>\n","protected":false},"author":1,"featured_media":15125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[27],"tags":[],"class_list":["post-12429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anlagestrategie-etf"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts\/12429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/comments?post=12429"}],"version-history":[{"count":0,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/posts\/12429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/media\/15125"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/media?parent=12429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/categories?post=12429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/ch\/wp-json\/wp\/v2\/tags?post=12429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}