TVC:DAX   Index of the 30 major German companies
Monday: I expect DAX             to move gradually towards 360-400 region and then small margin retracement. Furthermore, low volume will be the driving force but expect short term bullish . RSI is closed to oversold and trend reversal is expected (meaning long) evident by the indicators in the idea. Will be aiming to but once Dax             hits 10300.
Comment: Today went as I forecasted; first we went up towards 360-400 region but proved to be strong resistant level and then fall back to 360 and subsequently to 330. Will update tomorrow forecast on Tuesday early morning.
Comment: Today I would be cautious as there is FED and BOJ meeting coming up within next day. Scalping is the best strategy in choppy days. Dax will lose some ground and move to 350-360 region possibly touching 320 again in extreme situation but rebound is expected afterwards. Buy long on the lows and short on the highs.
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