DAX 30 - Inter Market Analysis

[InterMarket-Analysis]

DAX 30: Trading Plan for 13/07/17

"Aside from the post-Macron first-round-win in April,*stocks across Europe surged to their best day since last September today,*surging higher after Yellen's dovish comments, presumably due to the market's belief that as goes The Fed, so goes the rest of the hawkish hangers-on..."

DAX 30 certainly roared higher today after it broke out past resistance at 12485, the next resistance is 12650. The daily chart has Fib 50% resistance at 12635.

10 mins chart is overstretched at pivot R3 . *60 mins chart at 200 MA resistance.

i will be looking for a reversal in the DAX tomorrow as MDAX 50 is into resistance with EUR/USD past 1.14 still hurting exports.

 

[InterMarket-Analysis]

DAX 30: Trading Plan for 14/08/17

Lets see if we gap down due to Nazi racist riots in Charlottesville?

I remain bullish on Dax 30 going into monday's trading provided the EUR/USD pulls back < 1.18 *and German bunds hold resistance.

10 mins chart support seen at 11930. 60 mins chart has unfilled gap above at 12290.

Daily chart into support, if we breach 11930 again then we open 11830.

 

[InterMarket-Analysis]

DAX 30: keep an eye on this IHS formation

if Draghi sounds dovish this week ?