DAILY MAR'19 DAX - Tuesday's trade idea and technicals
Mar'19 Contract – This week’s signals have continued to point higher and Monday saw sentiment post a 4th higher daily low and high in a row and an initial gain of 85 ½ Pts. However, a fresh 2019 high at 11543.0 has attracted sellers and for sentiment to close little changed on the day. The pullback has formed a daily Shooting Star which is negative for sentiment and with signals pointing to a profit taking pullback the outlook for Tuesday is bearish and the call is to sell on the open and then at 11466.0, yesterday’s close with a stop loss at 11566.5, December’s top. Targets are to 11405.5, Friday’s low, 11292.0, Wednesday’s base and 11235.0, last week’s low trade.
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