DAX @ 9330 Point
> 9331 Points still bullish (short-term time frame)
= 9330 Points neutral
< 9329 Points bearish (mid-term trend-resversal-formation is starting)
< 9329 Points bearish (long-term trend-resversal-formation is starting)
Daxsell
Brexit Week - Possible tradeNext buy area at green ballon, between February lows (8.699) and 12th February (8.967).
Brexit Impact on DAX - Polls versus Odds See the diferencesBrexit Financial Times poll 6 June:
Stay: 45%
Leave:43%
Odds Betfair
Stay: 70%
Leave: 30%
Something is not right, someone is lying and i bet are polls.
Base on that i design a new up channel and a possible buy are to get long. Make your comments.
DAX 9733 May Lows Critical Level to WatchMy stop profit was actived at 10.037 (DAX futures) during this night. For now i am out, waiting where DAX wants to go. May lows is the key for bulls and bears at this moment. Has you see DAX break the ascendant channel. If DAX close below 9.733 a re-test of february is a option.
DAX Key Support at 9,900DAX Look: return to levels of demand
The key short-term support is at 9,900 points.
DAX drop 1,03% which falls at about 14:30 hours of today's session. This has led to the price of our indice to close the gap at 10.057 points. Short-term the trend is bullish (until the price stay inside the channel DAX still in bullish mode) . We do not appreciate any sign of weakness but to see a very bullish signal should wait for a close above 10.365 points (highs of this week).
DAX still inside the new upside channelDAX is near to close the 10.057 gap. I will advice re-open (add more) longs at this levels
DAX Bull Zig ZagFor the 1st in the last 12 months DAX make a new higher high. Of course DAX will have some pullbacks in this travel to new all time highs.
DAX - GOOD TO BUY ON DIPSShorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart.
Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
DAX last bull breath? Bears are waking up slowly...Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) .
SHORT TERM - BULL
LONG TERM - BEARISH
See chart to understand my view...
DAX: Bulls are you ready to go until 16.000?DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.
