Dax: Watch For Break Higher
Jason Sen | Apr 23, 2014 06:07AM ET
Dax beat 9495/9500 in a positive move for the week as we reached Fibonacci resistance at 9595/9605. We wrote ''There is a good chance of a high for the day here but shorts need stops above 9635.'' Prices topped at 9630, but watch for a break higher again today for 9655/65 then February/April highs at 9730/40. If this does not hold a move higher we could target all time highs at 9802 this week.
Immediate support is 9550 but below here a buying opportunity at 9510/00. A good chance of a low for the day but longs need stops below 9470.
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