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Neighbour: Why I'm buying Euro Stoxx 50
Joe Neighbour, trading analyst for Central Markets, is looking to buy the Euro Stoxx 50. He says there's a large inverse head and shoulders pattern that's looking to form. He says it first needs to clear the 3650 resistance level to complete the pattern.
He says the markets are still waiting for a conclusion on Greece but that QE is still supporting the market. Joe is looking to pre-empt a move and break of the pattern.
Target: 3815
Stop: 3535
Disclaimer:
https://www.tradingfloor.com/about/niird
00:55 minutes
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