Nasdaq
Intraday - We look to Sell at 12707 (stop at 12947)
Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 12700. Trading has been mixed and volatile. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets...
We have seen the Bears in control for some time on DAX, breaking both the inner and outer Trend lines, signalling strength to the downside. However the Bears failure to reach 10600 indicates that they are exhausted.
From the open this morning DAX has smashed back upwards through the Outer Trend line a good signal that the bias has now changed.
For me personally I...