TradingSig

DAX Index, Daily Chart Analysis 10/1

XETR:DAX   DAX Index
Implications and Outlook
With impressive open rally, the disruption on Mean Resistance of 12431 established on 21st of September and retested on 27th of September will undoubtedly bring intermediate long-term bullish implications, having upside target to completed inner Index Rally 12467, with further assault on Key Resistance of 12562.

On the flip side, the breakdown of the current Mean Support 12249 in progress may now seem to cause an immediate plunge towards to Mean Support 12098, before eventually resting at vital Key Support 11788 on medium to long-term downtrend.
Oct 04
Comment: October 4
A somewhat subdued trading day for the German market on a national holiday, however, the emphasis remains to be about the Italian budget offer with BREXIT in no way far from anyone’s thoughts.
Oct 05
Comment: October 5
The DAX Index managed to post a positive for several hours in mid-day trading session, however, could not hang on and declined at the closing hour.
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