reports
- Steve Lucas
DAX - selling rallies signalled to dominate investor sentiment
​JUN'17 contract - Weekly and daily signals have been pointing to selling DAX into expected strength, yesterday at 12854.0. Although our stop was tested and survived by only 2 Pts, this was the correct strategy, investors selling the rally for sentiment to deteriorate by over 125 Pts from the top. While this is negative, trend of higher daily and weekly lows remain intact so the pullback could be a temporary one. However with no sign yet that the deterioration is ending the outlook for Thursda...
- Steve Lucas
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...
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