The DAX confirmed yesterday further consolidation interior the negative outside day with 6275 – 6055 still the levels to follow in the coming hours. A daily closing above the 6275 will support higher levels. The DAX started the session with a nice gap up above the resistance on the outside day suggesting further strength. The indicators of the daily chart are still well positive and now also those of the s/t ones are in positive territory supporting higher levels. An hourly closing above 6300 will support an extension toward our target at 6331; while below we could see a retest of the gap up area, 6220 – 6267!! We remain on the sideline for now but expect the DAX at higher levels. Click here to read the full report: Stock Market News
DAX confirmed our s/t target and it still looks like it could extend further its move up toward 6385, at least. S/t pressure should now find support at 6267, today’s low before 6220. We sell a possible extend by shorting the DAX in case a 5390 overshooting putting a stop above 5455.
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DAX Analysis 01/18/2012
The DAX managed to keep the gap up area confirming also a strong daily closing well above the tops of the previous session. We expect therefore further strength toward 6456, top of last October!
The indicators of the daily chart are still well positive as well as those of the s/t ones supporting higher levels. In the s/t only an hourly closing below 6295 will postpone the move up suggesting a test of the gap up area 6267 – 6220!! We remain on the sideline waiting for a decent correction to buy. Follow read more Stock Market News
The DAX managed to keep the gap up area confirming also a strong daily closing well above the tops of the previous session. We expect therefore further strength toward 6456, top of last October!
The indicators of the daily chart are still well positive as well as those of the s/t ones supporting higher levels. In the s/t only an hourly closing below 6295 will postpone the move up suggesting a test of the gap up area 6267 – 6220!! We remain on the sideline waiting for a decent correction to buy. Follow read more Stock Market News
DAX Analysis 01/19/2012
The DAX confirmed a further strong closing suggesting further upside potential for a test of the key level at 6456. The indicators of the daily chart are still well positive but start to reach the overbought area if we consider the DAX still in a negative trend. Those of the s/tones are instead positive with bearish divergences now even in the 4h chart all supporting a positive tone!! We expect therefore further strength. S/t pressure should find support already at 6345 before the support line at 6285 and the gap up area 6267 – 6220!!
We remain on the sideline waiting for a decent correction to buy.
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The DAX confirmed a further strong closing suggesting further upside potential for a test of the key level at 6456. The indicators of the daily chart are still well positive but start to reach the overbought area if we consider the DAX still in a negative trend. Those of the s/tones are instead positive with bearish divergences now even in the 4h chart all supporting a positive tone!! We expect therefore further strength. S/t pressure should find support already at 6345 before the support line at 6285 and the gap up area 6267 – 6220!!
We remain on the sideline waiting for a decent correction to buy.
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catracho
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DAX Analysis 01/20/2012
The DAX confirmed a further strong closing suggesting further upside potential for a firm test of the key level at 6456.a daily closing above this level will open the way for a possible extension of the move up even toward the 7000 area!! The indicators of the daily chart are still well positive but are now entering the overbought area if we still consider the DAX in a corrective wave!! Those of the s/t ones are also positive supporting higher levels. Bearish divergences are still supporting a positive tone!! We expect therefore further strength, especially while above the s/t support line at 6395!! In case of a direct and important overshooting we may try a short position but only at 6500!!
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The DAX confirmed a further strong closing suggesting further upside potential for a firm test of the key level at 6456.a daily closing above this level will open the way for a possible extension of the move up even toward the 7000 area!! The indicators of the daily chart are still well positive but are now entering the overbought area if we still consider the DAX in a corrective wave!! Those of the s/t ones are also positive supporting higher levels. Bearish divergences are still supporting a positive tone!! We expect therefore further strength, especially while above the s/t support line at 6395!! In case of a direct and important overshooting we may try a short position but only at 6500!!
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DAX Analysis 01/23/2012
The DAX confirmed a test below the key level at 6456 finding good resistance for now already at 6440. While above 6376 we should be able to see further tests on the upside. The indicators of the daily chart are still well positive but show overbought conditions and potential negative reversals. Those of the s/t ones are this morning mixed suggesting some consolidation/ correction. Only an hourly closing below 6376 will however support lower levels suggesting a return toward 6260 or just below of it where we find a still open gap up area while the 200 hours line is found only at 5950!! We wait for a decent correction to buy or sell a 6500 overshooting!!
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The DAX confirmed a test below the key level at 6456 finding good resistance for now already at 6440. While above 6376 we should be able to see further tests on the upside. The indicators of the daily chart are still well positive but show overbought conditions and potential negative reversals. Those of the s/t ones are this morning mixed suggesting some consolidation/ correction. Only an hourly closing below 6376 will however support lower levels suggesting a return toward 6260 or just below of it where we find a still open gap up area while the 200 hours line is found only at 5950!! We wait for a decent correction to buy or sell a 6500 overshooting!!
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DAX Analysis 01/24/2012
The DAX formed a small negative outside day reversal with now 6490 – 6345 the levels to follow in the coming hours. Only a daily closing below 6345 will support lower levels. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are negative supporting a possible correction. Only an hourly closing below 6355 will however favour a deeper retracement with the 200 hours line at 6224 the attraction. We wait for a decent correction to buy or sell a 6500 overshooting!!
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The DAX formed a small negative outside day reversal with now 6490 – 6345 the levels to follow in the coming hours. Only a daily closing below 6345 will support lower levels. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are negative supporting a possible correction. Only an hourly closing below 6355 will however favour a deeper retracement with the 200 hours line at 6224 the attraction. We wait for a decent correction to buy or sell a 6500 overshooting!!
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DAX Analysis 01/25/2012
The DAX confirmed yesterday further consolidation interior the small negative outside day with 6490 –6345 still the levels to follow in the coming hours. Only a daily closing below 6345, that yesterday has been tested with a small undershooting, will support lower levels. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are positive or close to turn above the line supporting a new attempt on the upside. We started today’s session with a small gap up 6451 – 6430; while this area is holding we favour the DAX to move higher with a potential s/t target at 6522. Only an hourly closing below 6338 will cause a deeper retracement with the 200 hours line at 6242 the attraction, where we find also an important support line. We wait for a decent correction to buy.
Click here to read the full report: Stock Market News
The DAX confirmed yesterday further consolidation interior the small negative outside day with 6490 –6345 still the levels to follow in the coming hours. Only a daily closing below 6345, that yesterday has been tested with a small undershooting, will support lower levels. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are positive or close to turn above the line supporting a new attempt on the upside. We started today’s session with a small gap up 6451 – 6430; while this area is holding we favour the DAX to move higher with a potential s/t target at 6522. Only an hourly closing below 6338 will cause a deeper retracement with the 200 hours line at 6242 the attraction, where we find also an important support line. We wait for a decent correction to buy.
Click here to read the full report: Stock Market News
DAX Analysis 01/26/2012
The DAX confirmed a strong closing last night above the top of the previous session suggesting a possible break above 6480 today. Only a break below 6338 will abort this scenery confirming instead a triple top formation that will cause a retest of the 6250 level. Overall the DAX is still interior the outside day with 6490 – 6345 still the levels to follow in the coming hours. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals; nevertheless we favour an overshooting. Those of the s/t ones are also positive this morning supporting higher levels.
We bought the DAX this morning at 6458 for a break above 6480!!
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The DAX confirmed a strong closing last night above the top of the previous session suggesting a possible break above 6480 today. Only a break below 6338 will abort this scenery confirming instead a triple top formation that will cause a retest of the 6250 level. Overall the DAX is still interior the outside day with 6490 – 6345 still the levels to follow in the coming hours. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals; nevertheless we favour an overshooting. Those of the s/t ones are also positive this morning supporting higher levels.
We bought the DAX this morning at 6458 for a break above 6480!!
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DAX Analysis 01/27/2012
The DAX confirmed a further strong closing last night after having confirmed our s/t target at 6522 followed by an overshooting toward 6560. We should be able to see higher levels in the coming days/ week toward the 6700 area but in the s/t we favour a correction at least toward the support line at 6420!! The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are expected to be mixed this morning supporting some consolidation/ correction. A possible corrections should find support already at 6475 before the support line at 6420 while the 200 hours line is found still only at 6291.
We wait for a sensible correction to buy again possibly close to the 200 hours line.
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The DAX confirmed a further strong closing last night after having confirmed our s/t target at 6522 followed by an overshooting toward 6560. We should be able to see higher levels in the coming days/ week toward the 6700 area but in the s/t we favour a correction at least toward the support line at 6420!! The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are expected to be mixed this morning supporting some consolidation/ correction. A possible corrections should find support already at 6475 before the support line at 6420 while the 200 hours line is found still only at 6291.
We wait for a sensible correction to buy again possibly close to the 200 hours line.
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May be correction at least toward the support line at 6420...
jungerns
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Interesting because I'm of the opposite view that we may see a further 40-50 point rise tomorrow....
In my opinion the Dax is looking to push forward......sentiment is upbeat in my opinion.
Thanks for responding and lets see what happens tomorrow.
DAX Analysis 01/30/2012
The DAX confirmed on Friday a further positive closing but it failed to extend the move up much further causing a correction. Today’s session started with a gap down, now resistance area 6492 – 6523; while below this area we favour an extension of the decline. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones have turned below the line supporting a correction. An hourly closing below 6455 will favour a move toward the 200 hour line now found at 6330. This possible drop is corrective and a buying opportunity!! We are still waiting for a sensible correction to buy again possibly close to the 200 hours line.
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The DAX confirmed on Friday a further positive closing but it failed to extend the move up much further causing a correction. Today’s session started with a gap down, now resistance area 6492 – 6523; while below this area we favour an extension of the decline. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones have turned below the line supporting a correction. An hourly closing below 6455 will favour a move toward the 200 hour line now found at 6330. This possible drop is corrective and a buying opportunity!! We are still waiting for a sensible correction to buy again possibly close to the 200 hours line.
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jungerns
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Thank you for the update......Have gone long at 6452
Looking to hold over course of the week....Target 6580
Edited in
Stop loss moved up to level....
Profit taken at +26 ......Consider market is stagnating and US markets predicting fair drop on opening....
Watching for 6435 for re entry long....
Looking to hold over course of the week....Target 6580
Edited in
Stop loss moved up to level....
Profit taken at +26 ......Consider market is stagnating and US markets predicting fair drop on opening....
Watching for 6435 for re entry long....
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jungerns
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You are welcome ... and read more Stock Market News
Re-entered at 6435 with S/L at level now.
Sat at 6466 as I type.....will be holding overnight unless big swing upwards in next couple hours....
Out at 6469....hitting resistance again for +34, for a daily total +60 @4
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DAX Analysis 02/01/2012
The DAX failed to confirm an hourly closing above 6526 plunging instead lower. In the s/t charts we have now a potential S_H_S formation with the neck line at 6440. A break below this line will support lower levels, probably toward a target at 6250!!The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are instead negative supporting lower levels with already s/t target at 6418. We shorted the DAX this morning at 6481 for a test lower putting an initial stop at 6539 that we want to lower a.s.a.p. Read more Stock Market News
The DAX failed to confirm an hourly closing above 6526 plunging instead lower. In the s/t charts we have now a potential S_H_S formation with the neck line at 6440. A break below this line will support lower levels, probably toward a target at 6250!!The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are instead negative supporting lower levels with already s/t target at 6418. We shorted the DAX this morning at 6481 for a test lower putting an initial stop at 6539 that we want to lower a.s.a.p. Read more Stock Market News
