I agree with Pari in that we should be heading higher, however, we have stopped for now on the H4 200sma as he says, and we are only just below the 76.4%, which could mean that potentially it is a risky place to load up on longs right here. Having said that, there is room to the upside if we can get above the current level, with the next big resistance coming in at 9,528 which is the H4 200ema. However, I've been bullish on the DOW since thye middle of Feb, and see it hitting at least 17,000 pretty soon, so obviously the Dax will follow.
London open 5 mins away now, so we could dip to bring it down to a safer level to buy, which is the sort of thing the London boys usually do. Good luck.
London open 5 mins away now, so we could dip to bring it down to a safer level to buy, which is the sort of thing the London boys usually do. Good luck.