MaryJane

1000 Points down?

INDEX:DAX   DAX Stock Index
365 0 9
This morning we see a down gap under his former Low @ 10.814. At this Level the market reached it s desicion Level!
The EMA/SMA 200 are the central supports/resists to watch.
The next weak Support could be the former LOW @ 10.600-10.650.
Below that Level i exspect a fast sellout which can reach till the region round about 9.850 Points! That means that the market reenters its extended flagbody. Because of the cyclic a new downwave to ist bottom edge is thinkable. This Level also is corresponding to the old Breakout Level (neckline) from 15.01.2015
Only sustainable Prices above the EMA/SMA 200 will turn the Chart bullish again At this Point Dax             reenters the uptrend and my autumn Rally can be aimed :-)
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