Just to remind any Dax traders who might have been caught trying to sell this thing, this was my outlook posted a couple of pages back, with the resistance levels I am watching out for.
We had stalled right beneath the H4 100sma, and now we've just hit my H6 100sma which has caused a bit of a reaction. Above this, and the next resistance I have is the H4 200ema @ 12,278, with today's R2 pivot just below that.
The Dow has just this minute hit the trend line at 400, and that to me is a pretty big marker. The S&P has yet to break above yesterday's high.
Definitely more room to the upside on Dax, but US equities at critical levels right now.
We had stalled right beneath the H4 100sma, and now we've just hit my H6 100sma which has caused a bit of a reaction. Above this, and the next resistance I have is the H4 200ema @ 12,278, with today's R2 pivot just below that.
The Dow has just this minute hit the trend line at 400, and that to me is a pretty big marker. The S&P has yet to break above yesterday's high.
Definitely more room to the upside on Dax, but US equities at critical levels right now.