The DAX confirmed a weak closing below the low of the negative day reversal but only a clear break below 5666 confirmed by a daily closing will support lower!
The indicators of the daily chart are still below the line and also those of the s/t ones are negative this morning suggesting further weakness. An hourly closing below 5666 will support a drop toward a potential target at 5527!!
Only an hourly closing above 5930 will postpone the decline favouring a recover toward resistance area a t 6100!!
We are missing strong signals but try a long position here at 5782 with a stop at 5655!!
We remain on the sideline.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/DAX-11.18.11.pdf
FUTURE TREND RESEARCH