Yesterday I was looking for downside correction for DAX given Friday's weakness and we got it perfectly, with PZ holding the highs and sold off 70 points to the lows. 17647 was my price target for yesterday and IMO we should see it today.
In fact, IMO NDX closed weak and I am looking for bearish continuation today. Thus for DAX, I am look at 17647 to trade, and we could get a bounce, but I would look for possible re-test and rejection off above levels, or a break of 17647 for further downside move.
17475 if traded, IMO would be a good level to look for longs.
In fact, IMO NDX closed weak and I am looking for bearish continuation today. Thus for DAX, I am look at 17647 to trade, and we could get a bounce, but I would look for possible re-test and rejection off above levels, or a break of 17647 for further downside move.
17475 if traded, IMO would be a good level to look for longs.
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