JFD_Research

DAX - Daily - Watch the floor

Short
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Trade Alert

If the 12600 is not going to hold, then we could see some ugly stuff developing in this index today. A break below that level opens the path towards the 12450 area, so keep on monitoring this index very carefully today.
It is difficult to discuss the upside, but if the index moves back above the 12830 area, then there could still be some hope for the bulls to drive it higher again.

Don't forget your stops.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.