The DAX confirmed a strong closing yesterday keeping a small gap up area, 5567- 5532. A daily closing above 5758 will confirm a s/t bottom supporting a larger correction.
The indicators of the daily chart are still negative but those of the s/t ones turned all above the line supporting the move up. In the hourly chart we have however already overbought conditions showing also negative reversals. An hourly closing below 5704 will support a deeper correction possibly even toward the 5650 area where we find today the former resistance line.
We closed all the longs for now by selling at 5725.
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FUTURE TREND RESEARCH