DAILY DEC'18 DAX - sellers continue to dominate sentiment
Dec Contract – This week’s signals for DAX have continued to point lower and the outlook has been to stay short and sell the rally, Monday’s trading is so far confirming this view, as initial gains have attracted sellers and for sentiment to deteriorate by almost 200 Pts from the day’s 11669.5 top. While this is negative, prices are testing October’s 21 month lows, but with no sign that the deterioration is ending the outlook for Tuesday remains bearish and the call is to sell on the open and then at 11509.5, yesterday’s close with a stop loss at 11575.0, this week’s opening trade. Targets are to 11393.0, October’s base, 11310.0 and 11143.0, a key 50% correction to the entire 2016-2018 bull-run.
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