DAX to 14120No matter if #DAX will go short just for a while to charge the price.
We will go long to 14120
Dax30long
BUY DAX ON WEEKLY CHARTThe European market kept its collective head on Monday morning, avoiding another plunge despite the alarming losses in China.
One of the more curious aspects of the coronavirus situation is that, while the rest of the world’s indices suffered, the Shanghai Composite was side-lined by the Lunar New Year holidays. Well, Monday saw it play catch-up. The Chinese index lost close to 8%, investors bailing at the first chance they got – this as the death toll jumped by 57, the single one-day increase since the virus was detected.
Instead of treating this as another chance to sell, Europe was level-headed after the bell. The DAX rose 0.2%, while the CAC eked out a 0.1% increase. The FTSE was a bit more energetic, adding 0.3%, though that’s because of the pound’s early February retreat. As for the Dow Jones, the futures are currently pencilling in a 100 point bounce later this afternoon.
DE30 DAX GE30 BUY ON WEEKLY CHARTGermany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Transportation & Logistics and Financial Services sectors led shares higher.
At the close in Frankfurt, the DAX gained 0.16%, while the MDAX index added 0.56%, and the TecDAX index gained 0.19%.
The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.49% or 0.76 points to trade at 51.78 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 1.44% or 4.00 points to end at 281.90 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 1.32% or 0.104 points to 7.974 in late trade.
DAX30 GER30OUTLOOK: BULLISH
Past few days DAX30 has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
DAX Futures: European equities due in for a correctionWhile our outlook on the Eurozone and markets remain supportive, a technical opportunity to fade highs in the European stock market has arisen. We will initially look to fade highs into our liquidity bloc targets however will allow ECB/Lagarde commentary to provide ultimate macro direction across our portfolios. Sensitivity remains from the downside from here.
- Put exposure added to all of our directional portfolios.
DAX nears all-time highs, next target 14530!The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume. From here we could see a new all-time high fast. The Fib extension level suggests price is going to move into the 14530 area and that would bring the DAX level with other global indices.
This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.
DAX continues to show strength, upside to 13800Equity markets have been hitting all-time highs day after day throughout the world throughout the holidays. While the DAX has been somewhat of a lagger and has the potential to break into new highs and beyond based on structure, volume and more.
So far over the holiday season has held up the structure on DAX well suggesting more upside, a new temporary high was hit at 13400 before a slight fail. We could see price into the 13050 level where the impulse started for the next press higher. The support level was rejected well by buyers that came in, so the next move is into the all-time high around 13600. The drops were on weak volume for the retraces, while each rally higher was on strong volume. The bulls have this in the bag and as long economic expansion continues throughout the world then the DAX will strengthen to catch up.
As long as price doesn't break through the support structure on the medium term at 13050 the bull side is the right side, below that level, 12900 has to hold support.
This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not responsible for any market activity.






















