DAX - 4 hour: The Channel Technical Support rests at 10927....

Some updates: DAX Index Cash closing yesterday of 11494. At this moment, this market is in a downward trend, however, we still remain below key support and key resistance now stands at 12104 above the market. Keep an eye with the lines/numbers on the chart!. The Channel Technical Support rests at 10927 for the next session. A closing below that will signal a break to the downside once again!

Comment:

DAX Index Cash closing of 11484 - we have been trading down for the past 2 days, while we have made a low at 11436. This market on the daily level has been consolidating and moving higher since the low established Fri. 26th! Technical resistance stands at 11440 (from previous analysis) and it will require a closing above this level to signal a breakout to the upside. The Bearish Reversal lies at 12050! Caution is advisable.