carman
Short

GER30 : DAX ready for lower top after Alibaba madness ?

FX:GER30   DAX Index
Last week DAX             jump with SP500             to 9900 zone after the Alibaba madness.
DAX             is back down currently to 9700 small resistance zone .
On the daily DAX             created a RSI divergence and bearish top candle
9758 is weekly Pivot / next resistance
9600 good old heavy resistance in 2014
If 9600 (9624 weekly S1) hold again DAX             will have an other attempt to jump to new top.
9400 next resistance zone
If 9600 heavy resistance zone break a new correction to 8900 zone is possible .
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