I was bullish DAX yesterday based on price action but was expecting a dip, but instead it went up first, perfectly to a multi-confluence strong resistance and made a triple top there before it came down. PZ was an initial support and gave an initial bounce but sold off to new lows but with bullish divergence and that was when market gave the huge rally.
But what was interesting is how market, especially the US futures opened and came down with bearish divergence for SPX. Another sell down like last Friday? I am quite neutral overall on this TBH. But price action points to further upside. Any dip above 15830 (could reach there) should be bought up for a move higher. Of course, there are 2 BZ above acting as resistance but IMO once those break can see 16032 and above.
But what was interesting is how market, especially the US futures opened and came down with bearish divergence for SPX. Another sell down like last Friday? I am quite neutral overall on this TBH. But price action points to further upside. Any dip above 15830 (could reach there) should be bought up for a move higher. Of course, there are 2 BZ above acting as resistance but IMO once those break can see 16032 and above.
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