DAX Update 08/09/2014

INDEX:DAX   DAX Stock Index
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             . My target still at 8700 level.
Miss today my 9800 target for 90 pips... is nothing. I advice sell Longs and get Short positions.
+1 Reply
Some weakness on US Indices for now but seems to be only a pullback after a month of gains. Once this pullback is over, things should resolve to the upside and ES be heading towards the 2100 level. Hard to see the DAX not move up in tandem with S&P, don't you think?
Leo.Ash giankee
DAX this friday close above 9602 and still the doors open until 98XX... but this will be the last breath for now... 8700 is the target. When DAX achieve 8700 i will get a big fat long position again...
+1 Reply
Sanctions Looming :http://www.bbc.com/news/world-europe-29107832 Dealine Tuedday...could be what the bears want!!
Leo.Ash SilverFox
Yes... do not forget Scotland referendum to...
Where is BIG QE in ECB Europe ?
Leo.Ash charlie.delta.trader
I believe DAX will achieve until end the year new all time highs... but 1st all stock markets need corrections. To come more strong and achieve new levels with ECB help of course.
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