The EMA 200 was a very nice buying-Signal.
Since then, the market jumped more than 800 Points - the risk on the downside is a bit eliminated at present. This is valid, as Long Dax is trading above the Level @ 10.850.
At present the middleterm-downtrend-channel has to be discussed.(3?)
-As long as dax is trading above 11.450, the summer Rally with target @ 12.000 has a good Chance toc ontinue.
-A Close below 11.450 would reanimate the downtrend-channel, a dip to the former Low must be exspected then.
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Since then, the market jumped more than 800 Points - the risk on the downside is a bit eliminated at present. This is valid, as Long Dax is trading above the Level @ 10.850.
At present the middleterm-downtrend-channel has to be discussed.(3?)
-As long as dax is trading above 11.450, the summer Rally with target @ 12.000 has a good Chance toc ontinue.
-A Close below 11.450 would reanimate the downtrend-channel, a dip to the former Low must be exspected then.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
