reports
- Steve Lucas
SEP'17 DAX - Daily Hammer point to relief rally
​SEP'17 contract - This week’s signals for DAX have continued to point lower and the initial move on Monday was a bearish gap open and initial losses of just over 100 Pts. However, buyers have returned to the market with futures trading from in between a 50-62% pullback to the entire 2017 gains, an area which is expected to provide some support. A recovery yesterday to close little changed and form a small daily Hammer is mildly positive and although gains are likely to be temporary it has s...
- Steve Lucas
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 t...
- Steve Lucas
SEP'17 DAX - tentative buy signals point to buying dip or through open...
​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...
- Steve Lucas
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 beari...
- Steve Lucas
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 1...
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