DAILY MAR'19 DAX - Tuesday's trade idea and technicals
Mar Contract – This week’s signals have continued to point cautiously and temporarily higher and to buying the dip 10788.5. This was virtually Monday’s base and with sentiment recovering to close little changed from the open, but below the window which has been left open since last week’s close at 10890.0. The 700 Pt rally since last month’s over 2 year low at 10268.5 has stalled from in between a 50-62% recovery to December’s sell-off, but so far there is no bearish reversal pattern. Signals for Tuesday therefore remain bullish and the call is to buy on the open and then at 10869.0, yesterday’s close with a stop loss at 10778.5, Thursday’s base. Targets are to 10958.5/67.0, last week’s highs, 11055.0, December's Marabuzo line and then towards 11250.0.
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