JUN'17 DAX - signals remain bearish
​JUN'17 contract - This week's signals for DAX have continued to point lower and these are initially being confirmed with Monday's 100 Pt sell-off. However, the dip has attracted buyers back to the market, sentiment recovering to close 65 Pts off the day's 12564.5 base. Despite the bounce signals continue to point lower, so with this in mind the outlook for Tuesday is to sell on the open and then at 12676.5, yesterday's high with a stop loss at 12709.0, a 62% recovery to the losses since May's record top. Targets are to 12574.5, yesterday's low, 12491.5, last week's base and 12442.5, May's low trade.
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