Eurostoxx50 - Short term bullish momentum lost, range likely
I think some very annoying range consolidation is ahead of this mkt. It can last for several more days (a week maybe?) befor equities find the new direction and any trend starts. It should either massively go out to new highs (above 3155) to be able to continue current bullish run, or it will reverse, and then the bearish trend will be very agressive and quick.
Let's just watch it for the next few days, wait until it px into the Cloud at least. If consolidation lasts until mid next week (so no breakout on the top side), then maybe even volatility can come lower a bit and we might start looking for some Put options structures.
Let's just watch it for the next few days, wait until it px into the Cloud at least. If consolidation lasts until mid next week (so no breakout on the top side), then maybe even volatility can come lower a bit and we might start looking for some Put options structures.