Following in the foot-step of FOMC meeting earlier in the week, G20 over the week-end further confirmed that policy makers prefers to remove stimulus too late than too early. This is clear from this statement from Geithner at the G20 Meeting.

"We need to reinforce growth to create jobs and get businesses investing again to underpin the recovery in the housing market and to repair the credit markets. It is too early to start to lean against recovery. The classic mistake in past crises was to put on the brakes too quickly. But we all recognize that confidence in our ability to reduce future deficits and to exit from the extraordinary monetary policy and financial emergency measures is very important to confidence in the sustainability of recovery. "

If this is enough to support a further move away from equity market support levels seen this week with the suport of mr. Buffet "Bet on America" and FOMC remains to be seen. But it can be questioned if its the other way around so that it's actually America that supports mr. Buffets bets.

For Eurostoxx resistance is 2816-2848