carman

DAX: GER30 in bear market after breaking 8900 zone ?

FX:GER30   DAX Index
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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