DAILY Sep'19 DAX - Wednesday's trade idea and technicals
Sep'19 Contract – This week’s over 200 Pt bullish open is confirming the weekly view, but with daily sentiment overstretched at 1 year highs, signals for Tuesday pointed to staying long on the open and to buying the dip. This was the correct strategy, though with sentiment trading mainly sideways in low volume for a little changed close. Trading inside Monday’s range means that intraday trend signals are not strong, but the loss of topside momentum has left a negative bias and the outlook for Wednesday is cautiously bearish and the call is to sell on the open and then at 12560.0 with a stop loss at 12607.0, this week’s high. Targets are to 12480.0, yesterday’s low, 12407.5, the window which has been left open since last week’s close and 12252.0, Friday’s base.
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