TomPip

DAX - Multi TF linear regression says compression until May

INDEX:DAX   DAX Stock Index
290 3 5
On the chart i have drawn the linear regression for the time frame (TF) 360, 180, 90 and 30 days (12, 6, 3 and 1 month respectively).

12 months: bullish
6 months: bearish
3 months: bullish
1 month: bearish

a.k.a. mixed signals.

Looking at the linear regressions, i think we'll see a relatively neutral, range bound but volatile, first half of '16 with a possible strong directional resolution in May, if not sooner.
This compression in DAX             would be in line with the current max pain path of SPY             , which is near flat around the 205 level until April             (at the time of writing this view), meaning it could be range bound again for the first half of the year.
Dax D1 chart symmetrical triangle
+1 Reply
What about another 2-3 months bearish?
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TomPip Geert2000
Depends on what you mean by bearish ie. what ranges/levels. I personally think the 12-month support and 6-month resistance are key for the first half of '16. That's why i've drawn that apex.
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