DAX Outlook Thread

G

Guest36985

www.daxtrader.co.uk/dax-technical-analysis-25-11-2014
http://youtu.be/daJOm1_MOO0
Well, another bullish day so far and another new high, we’ve even taken out the September high and broken into the 99xx, briefly. At this rate we could be testing the 10k level. The S&P’s high in September was 2021 and is currently at 2071, if the Dax moved proportionately the same, perhaps 10150 is possible.The daily chart is aggressively pointing vertical and is showing one of the steepest inclines that we have ever seen. I think there is a lot of momentum in this move, can not quite see a top here yet and it’s possible that the 10k level can go soon.I think as soon as a correction/reversal does come, lots of people are going to jump on it.Current trade setups: I missed the breakout this morning so no longer term trades out there that I can see. I am likely going to try a scalp short today,especially as there is a low volume pocket at 9850.


"Well, another bullish day so far and another new high"

I would just add that to your signature, it will save you having to type it every day. :LOL:

Crazy days.
 
 
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