The DAX formed yesterday a negative day reversal completely reversing the tone we had in the morning. Only a daily closing below 5773 will confirm a s/t top favouring lower levels.
The decline found good support above 5770 form where it started another test on the upside. We expect some resistance at the 200 hours line at 5890 and only an hourly closing above this line will favour further strength!!
We missed last night to buy again the DAX as it confirmed an undershooting of the 5800 level as suggested.
We wait for another opportunity but still expect this index above 6000!!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/DAX-12.22.11.pdf
FUTURE TREND RESEARCH