GER40 - Intraday - We look to Buy a break of 15276 (stop at 15204) We are trading at oversold extremes. A break of 15270 is needed to confirm follow through bullish momentum. 20 4hour EMA is at 15470. We look for a temporary move higher. A lower correction is expected. Our profit targets will be 15477 and 15517 Resistance: 15270 / 15400 / 15500 Support:...
GER40 - Intraday - We look to Buy at 15451 (stop at 15381) Prices have reacted from 15057. Bespoke support is located at 15450. 15426 has been pivotal. Short term momentum is bullish. Our profit targets will be 15649 and 15669 Resistance: 15500 / 15550 / 15600 Support: 15450 / 15400 / 15350
The DAX has excellently recovered from its low and is celebrating it with some great runs. However, within the blue box, where the index is currently located at, there is a high chance that this current surge is only short-lived. With a chance of 40%, the course might drop all the way down to the pink area. Don't be too fast!
Halloween season is on, but nothing spooky for the DAX! We expect a correction shortly and new all-time highs above 16024 points. However, the course should not drop below 14795 points. Candy time!