A very strong sell Signal on the 30M chart!

Short

EURO STOXX 50 Index Futures (EUREX:FESX1!)

EUREX:FESX1! EURO STOXX 50 Index Futures

trendanalysis eurostoxx50 sell bearish short position

After studying the chart of this morning, i saw a very strong signal confirmed by the break of the resistance area at 3169. The market retested the area and showed a strong momentum towards the bottom. The market is still heading towards the strong support area at 3126. You may exit there but if it breaks that area, you should sell the market as it may collapse.

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