2 Trading Opportunities To Watch: FDAX, SPX
Markus Gabel | Sep 08, 2016 09:37AM ET
DAX:
In the large trend of the hourly chart we see an uptrend that is in the movement, close to the last point two at 10804 points. This is also our next target, which will remain accessible until the price exits the green zone downwards.
S&P 500:
How does the saying go? If it isn’t rising, it’s falling. Since the price has been unable to overcome its record high at 2191 for some time now, a first downward trend is now showing itself in the medium trend, with a correction zone between 2165 and 2191 points. Currently, the price is hanging out in the upper area of this zone, meaning that one could speculate pretty early on on a trend continuation in the southerly direction. In this case, the stop would be placed above the red box.
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