The DAX confirmed a further session of consolidation interior the inside day with 6215 – 5780 still the levels to follow in the coming hours. Only a daily closing above 6215 will resume the move up.
The indicators of the daily chart are still positive but a weak closing could turn them already negative. Those of the s/t ones are mixed supporting further consolidation. While below the 200 hours line at 6038 we expect however further pressure and a possible test of the neck line of a potential S_H_S formation at 5770!!
We remain on the sideline following the inside day!!
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FUTURE TREND RESEARCH