DAX 1 hour: DAX Index Cash closing of 11287. Technical resistance stands at 11440 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.
Comment:
We need to close at least above 11678 to stabelize for now!
Comment:
Last month produced a low at 11051 but closed on the weak side and so far, we are trading neutral within last month's trading range of 12373 to 11051. We need to breakout of this range to confirm the direction. Therefore, a close above will be bullish and a close below will warn of a possible decline.
Germany30 and S&P500 Intraday analysis August 23rd. and weekly update 34. Posted at twitter: twitter.com/SP500_Dow