SEP'17 DAX - profit taking recovery to continue - temporarily
​SEP'17 contract - This week's call to sell DAX on the open and at 12804.5 has been close to high and signals in each of the last 2 days have continued to point lower. While these have been confirmed with the break of a daily bull trend and losses of over 300 Pts since Monday's 12835.0 high, investors have taken profits and bought the dip yesterday, recovering an initial over 60 Pt sell-off. The bounce has stalled on a re-test of the broken trend, but with signals pointing temporarily higher the outlook for Thursday is to buy on the open and at 12672.0, yesterday's close with a stop loss at 12588.0, yesterday's afternoon low. Targets are to 12751.5, Tuesday's high, 12835.0, this week's top and 12948.5, June's record.
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