DAX - signals volatile but continuing to point lower
​SEP'17 contract - While this week's signals to sell DAX on the rally are being confirmed, a sequence of higher daily lows kept yesterday's signals pointing only very cautiously higher. Contrary to these initial gains attracted sellers at a new contract high at 12948.5 for sentiment to deteriorate by 150 Pts on the day. Despite this, the trend of higher daily lows has remained intact, as does a window left open since last week's close at 12750.0. So while today's signals have reverted to bearish, the call is a cautious one, selling on the open and then at 12840.0 with a stop loss at 12880.5, just above the last 6 hour high. Targets are to 12770.0/72.5, this week's lows, 12700.0, Friday's base and 12632.0, a daily bull trend.
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