CyclingTrader

Dax Bumping the Ceiling

Short
INDEX:DEU40   DAX PERFORMANCE-INDEX
This channel upwards looks to be taking a breather. There is divergence coming through in RSI and BBs are likely to contract, I would anticipate that the enthusiasm has not necessarily evaporated it is more a case of taking some of the pressure out of the system. For better or worse the markets seem to be anticipating a boon from Trump coming into office later in Jan. It looks like an early rest and probable slide rather than drop before the hullabaloo sets in late Jan.