DAX IndexUpdated

We may go down hard

Let`s see if 10485 can provide support and hold.

Trade active

Look for green boxes

Note

SL10829

Trade active

Currently, we have not elected any Daily Bearish Reversals from this new high of Tuesday December 27th. The immediate Daily Bearish Reversal to watch lies at 1142876. A closing beneath this level will signal a temporary high is in place. Additionally, 1145155 offers some technical overhead resistance for now. Moreover, our Daily Bullish Reversal to watch stands at 1156110 and it will require a daily closing above this level to signal new highs lie ahead.

Note

Consequently, this market has bounced from that low established yesterday, Thursday July 6th. We have not elected any Daily Bullish Reversals so we need to focus on 1249073 as closing resistance. A closing above this will show some strength. Ultimately, a Daily Closing above 1292118 will signal a retest of the last high at 1295154 and potentially a breakout to new recent highs.

fatboy007

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