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Leo.Ash

DAX Update 05/09/2014 Morning

Short
DAX PERFORMANCE-INDEX (INDEX:DEU40)  
Leo.Ash  
INDEX:DEU40   DAX PERFORMANCE-INDEX
DAX Index dax30 dax30 DAX Index dax30 DAX Index DAX Index
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dax dax30 dax30 dax dax30 dax dax
Surprise, surprise ECB cut rates yesterday and boost again stock markets.

A very important resistance is at 9800 area. Any close above 9800 DAX will go for new all time highs. If 9800 hold a H&S formation is on the way, see 3 RED BOX in the charts.

Any weakness from US indices, will hurt DAX very bad. My target still at 8700.

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