Why I'm looking to short Euro Stoxx: Lucas

Steve Lucas of 3cAnalysis is looking to sell the September 16 Euro Stoxx futures. Lucas points to that Monday’s 2 ½ month high at 3,065 has attracted sellers at the 200 day average rate and that the market in the process has formed a daily Shooting Star, which is a sign of bullish exhaustion. Lucas says that Tuesday’s signals were bearish and they have confirmed Monday’s reversal – ending a sequence of higher daily lows. Steve Lucas is selling at the market and at 3,034 with a stop loss at 3,042. His target is 2,940. FULL DISCLAIMER NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING http://video.saxobank.com/video/14305148/why-im-looking-to-short-euro-stoxx-lucas