carman

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

FX:GER30   DAX index of German listed shares
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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