SEP'17 DAX - signals switch again - back to bullish, but temporarily
​SEP'17 contract - This week's call to stay square on the open and to sell DAX at 12859.5 has been close to the top and yesterday's signals continued to point lower. These were confirmed with a strong over 200 Pt sell-off. However, the dip has attracted buyers at a developing daily bull trend, sentiment recovering into the close. The bounce should be temporary but for Friday signals continue to point very cautiously higher, so for the new Sep contract the outlook is to buy on the open and at 12650.0 with a stop loss at 12600.0, just below yesterday's low. Targets are to 12750.0, 12815.5, the window which has remained open since Wednesday's close and 12915.0/22.5, the all-time contract tops for the Sep & Jun contracts.
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