carman

DAX: GER30 in bear market after breaking 8900 zone ?

FX:GER30   DAX index of German listed shares
DAX             is now for second day under the very important 8900 support zone area.
If DAX             in the next day not return to 8900 zone , we can confirm the bearish
outlook.

Summarized :
bear:
DAX             break his long trendline 2011
DAX             starting making lower lows
The very strong 8900 supportzone turning in heavy resistance zone .

negative for bear :
oversold RSI
If we have a false breakout from 8900 , 8900 return back in supportzone for DAX             .
The new earnings season starts, if results are good , DAX             will recover to make a positive balance for 2014.
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