Eurostoxx 50 Index update - 2 December 2024

Macro Updates Dec 2, 2024

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

Eurostoxx 50 - the 80 day cycle trough is likely in place.

We last looked at Eurostoxx 50 on 2 October and at the time were looking for a breakdown of the 80 day FLD (at around 4,904) for a base case downside projection to 4,738 for the 80 day cycle trough.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.