another wave of selling possibly coming to the dax (DAX3S)

rising trama and tma acting as support on the weekly and trendline/ema just over spot in the index acting as resistance leads me to believe we could see the .5 of retracement over $2 in this leveraged inverse derivative of the DAX futures. top anchored vwap is indicating that a bull break of the mean may provide a long entry opportunity on the daily inverse to swing a bear break in the index.

Trade closed: target reached:

all cash for now

Comment:

its possible dax spot holds these lows and if it does we should probably see $1.81-$1.75 soon
if not were looking to the mid-high $1.90s