carman

DAX : GER30 new lower top ? or bigger resistance zone ?

FX:GER30   DAX Index
DAX still going up from it's last bottom 8400. DAX make last friday after Dragi talk a top in 9400 zone.
9400 is important Fibolevel and heavy support zone early this year .
By closing time DAX get support at 9200 level a previous supportzone in februari and april 2014.
Dax stay still in bearisch outlook.
Lower top 10000 to 9900 to 9400 now.
Dax need a higher low before turn in upward direction again.
There is still upwards potential to next fibolevel 9650 level. (RSI not yet oversold) and SP500 making new records.
DAX have to end at 9600 to have a positive 2014.


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