SEP'17 DAX - tentative buy signals point to buying dip or through open window
​SEP'17 contract - This week's call to sell DAX on the rally has been confirmed, but yesterday's signals were unusual, pointing to both buying the dip ahead of a developing daily bull trend and to selling the rally at Tuesday's close. Confirming this strategy, both levels were close to their low and the high and with sentiment closing little changed on the day. Signals remain mixed, but for Friday there is a very cautiously bullish bias, but cautious to start with the outlook is to stay square on the open, but to buy the dip at 12685.0, the 15th June close with a stop loss at 12610.0, June's base, or to buy up through 12804.5, the window left open since Tuesday's close with a stop loss at 12740.0. Targets above 12804.5 are to 12870.5, the last 6 hour high and 12948.5, Tuesday's record.
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