Our first Eurostoxx 'ridethepig' chart upload on Tradingview... Here we are witnessing the final fumes in this corrective process. The area we need to track is 3515 - 3533 which will include the ABC count from the lows in June. To put simply, anything below here will still be considered part of the corrective sequence (those with a background in waves will know this as an irregular expanding flat). This is therefore an important place to track for signs of a long-term meaningful top.
The failure to break higher than 3,533 is sending alarm bells that the move is lacking any signs of impulsive nature. Tracking very closely for a top to start forming in the 3515 - 3533 area. Whilst to the topside a break higher will open at least 3,640.