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Neighbour: Why I'm buying Euro Stoxx 50

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May 14, 2015 central markets, equities, equities saxo, equities trading, equity, equity clients, equity index, equity market, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity strategy, equity trading, euro, euro stoxx 50, euro stoxx 50 index, european equites, european equities, eurozone, greece, greece bailout, greece crisis, greece debt crisis, greece european union, greek, greek bailout, greek crisis, greek debt, greek economy, greek talks, greexit, head and shoulders pattern, joe neighbour, joe neighbour central markets, qe, quantitative easing, saxo bank, saxo tv, traders tale, trading, tradingfloor, tradingfloor.com
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

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https://www.tradingfloor.com/about/niird