DAX Daily Forecast - 09 December 2018
Jason Sen | Dec 10, 2018 03:45AM ET
DAX broke 11000 for a serious sell signal last week as predicted and bottomed exactly at the 10690/680 target. Outlook remains negative of course as we look for 10640/630 and 10570/560. A bounce from here is possible but do not even think about longs in the bear trend. (Sell in to the bounce instead). Below 10520 look for 10440/420 and below 10400 targets 10340.
Gains are likely to be limited with minor resistance at 10810/820 then stronger resistance at 10880/900. Shorts need stops above 10950. Next target and selling opportunity at 11050/11100. Try shorts with stops above 11200.
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