STOXX 600 Ends Week At 648.34, Below 651.24 Resistance Level

Author: Staff Writer at Bored Node. Category: finance.

At A Glance

• Asset: STOXX 600 (TVC:SXXP), with DAX (XETR:DAX), FTSE 100 (TVC:UKX) and CAC 40 (EURONEXT:PX1) as supporting reads.
• Observation: TradingView history retrieved 7th November 2026 at 07:06 UTC. The latest daily bar is the completed 6th November session and the latest weekly bar the completed week starting 2nd November.
• Timeframes: daily and weekly. Source: TradingView feeds named above.
• Trend in one line: a recovery inside a range, with the index above its averages and below its August high of 663.41.

This is Bored Node's dated technical assessment for the week of 9th to 13th November. It is not a guaranteed forecast, and every level below is our own calculation from saved TradingView candles.

The Chart Read

The STOXX 600 closed on 6th November at 648.34, down 1.00% on the day from 654.88. The week from 2nd November ranged from 642.29 to 662.42 and closed 0.24% above the previous week's 646.76. The 5th November high of 662.42 stayed below the 52 week high of 663.41, set on 7th August.

On Bored Node's calculation from TradingView daily closes, the 20 day average is 643.49, the 50 day 640.81 and the 200 day 628.88. The close sits 0.8%, 1.2% and 3.1% above them. These are our figures, not a platform indicator reading.

On the weekly chart, closes ran 631.56, 644.75, 635.78, 646.76 and 648.34 over the last five weeks. The weekly low rose from 622.86 in the week of 5th October to 642.29 in the latest week, with one small dip to 631.70 along the way. That is a higher low pattern.

Key Levels

Support, from the STOXX 600 bars:

• 642.29: the low of the 6th November bar, which was also the week's low, just under the 20 day average.
• 631.70: daily swing low, 23rd October.
• 622.86: daily swing low, 8th October, and weekly low of the week of 5th October.

Resistance:

• 651.24: daily swing high, 7th September.
• 654.44: weekly swing high, week of 6th July.
• 658.84: daily swing high, 26th August.
• 663.41: 52 week high, 7th August.

A swing high or low here is a bar whose high or low exceeds the three bars on each side on the daily chart, and two on the weekly.

The index closed above 651.24 and 654.44 on 4th November (657.41) and 5th November (654.88), but not above 658.84, before falling back below all three on 6th November.

Supporting Reads

The DAX closed at 25,820.36, down 1.92% on the day, after a 52 week high of 26,692.90 on 5th November. It sits 0.7%, 1.0% and 3.6% above its 20, 50 and 200 day averages. Its resistance is 25,900.10 (weekly swing high, week of 6th July), 26,106.19 (29th October) and 26,618.74 (28th August). Support is 25,013.54 (23rd October) and 24,792.79 (8th October). It closed above 25,900.10 and 26,106.19 on 4th November (26,437.67) and 5th November (26,325.01), then ended Friday below both.

The FTSE 100 closed at 10,673.93, below its 20 day (10,735.27) and 50 day (10,693.16) averages and above its 200 day (10,537.42). Support is 10,630.00 (23rd October) and resistance 10,823.00 (17th September). It closed above 10,823.00 on 4th November (10,829.20) and ended Friday below it.

The CAC 40 closed at 8,139.00, up 2.13% on the week, above its 20 and 50 day averages and 0.8% below its 200 day average of 8,203.09. Resistance is 8,199.66 (23rd September) and 8,209.67 (17th September). Support is 7,728.45 (23rd October). It closed at 8,205.37 on 5th November, above both 8,199.66 and its 200 day average, then ended Friday below them.

Bull Case

From Friday's close of 648.34, a daily close above 651.24 and then 654.44 would reclaim levels the index closed above on 4th and 5th November. It has not closed above 658.84 in that run; a close above 658.84 and then 663.41 would take it to a new 52 week high.

If the DAX closes back above 25,900.10 and then 26,106.19, both closed above on 4th and 5th November, that would point the same way across the German market. The reading is stronger if the CAC 40 also closes back above 8,203.09, its 200 day average, with 8,209.67 the next saved level.

Bear Case

If the STOXX 600 closes below 642.29, it would lose the week's low and the 20 day average of 643.49, and 631.70 would become the next saved support.

The FTSE 100 is already below two of its averages. A daily close under 10,630.00 would extend that, with 10,367.25 (8th October) the next saved support.

Invalidation

A daily close below 642.29 or 631.70 would weaken the constructive read. The read is invalidated by a daily close below 622.86, the 8th October bar, which would break the lowest saved support. The 200 day average of 628.88 sits just above that level and is a further reference.

What Would Change The View

The ECB's weekly schedule lists no rate decision this week; its last was on 29th October. The scheduled items below come from official calendars. None of the saved data gives expected figures, so this article does not judge which result would be better or worse.

• 9th November: Eurogroup meeting in Brussels, with the ECB's Buch and Cipollone attending, and an Ecofin meeting with the ECB's Vujčić attending, per the ECB.
• 10th November, 13:30 UTC: US consumer price index for October, on the BLS schedule. For a different measure, see Bored Node's report on US PCE inflation at 3.6% in September. Also at 14:00 UTC, Cipollone speaks on the digital euro at the European Parliament, and at 16:45 UTC Lane gives a keynote in London, both per the ECB.
• 11th November: German final consumer price data for October, from Destatis, no time stated. The provisional reading was 2.8%, with 2.1% excluding food and energy. Lagarde joins a panel at the Paris Peace Forum at 09:45 UTC.
• 12th November, 07:00 UTC: UK first estimate of GDP for the third quarter and monthly September GDP, from the ONS. Siemens reports fiscal fourth quarter results at 06:00 UTC, with its press call at 07:00 UTC.
• 13th November: Eurostat's planning calendar lists an employment and GDP flash release for the third quarter, with provisional dates, no time stated. Schnabel speaks in Vilnius at 07:10 UTC.

For context, Bored Node's report on the 5th November Nasdaq decline and the US October jobs report cover the US data that preceded this week.