DAX: Short Term Outlook Negative
Jason Sen | Feb 27, 2017 04:51AM ET
DAX outlook negative in the short term at least. Minor resistance at 11835/845 but probably the best selling opportunity for today at 11895/11905. Shorts need stops above 11945. An unexpected break higher however targets 11970/980 before the 12030 high.
Failure to beat 11835/845 targets 11795/785 then the 11719 correction low so far. However further losses to 11680/670 are possible. Longs need stops below 11630. Just be aware that further losses target Fibonacci support at 11560/550.
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