themarketzone

Bullish signal for stocks if it'll be able to close above 11,400

FX:GER30   DAX Index
I'm not sure that it can, but if $DAX can continue higher and close the week above 11400, it could be a longer term bullish signal for stocks with possible breakout from a descending trading channel.

Although I'm talking about a weekly close, I'd be really interested in seeing today's close. A close below 11,400 will support my assumption that all we seeing right now is a slow Monday action following good PMI number (only in Germany). We will have to wait and see.
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