DAILY DEC'18 DAX - temporary change
Dec Contract – Although weekly signals for DAX have continued to point lower, with daily sentiment much oversold near key Fibonacci pullback targets the call was to stay square on the open and to sell the rally at 11364.0. This level has been met and profit already taken following a sharp near 300 Pt intraday reversal. For Tuesday though, an improvement into last night’s close has been extended in Asia this morning and with intraday signals pointing higher the outlook is temporarily bullish and the call is to buy just modestly on the open and then at 11270.0 with a stop loss at 11145.5, yesterday’s low. Targets are to 11400.0, 11509.5, the window left open since the 22nd Oct close and 11669.5, last week’s top.
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