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- DAX index has shown a massive recovery from the low of 12076 made on Feb 6th 2018. S&P500 jumped almost more than 250 points from the low of 2531. But E- mini futures has shown a slight decline of 0.3% in Asian session.
- DAX index declined more than 6% for the past two days and hits low of 12143 almost 1500 points from the all-time high of 13605. It ihas closed at 12643.
- The minor bullishness can be seen only if it closes above 12660 (233- day MA) and any close above will take the index to next level till 12890/13050 (100- day MA). It should break above 13600 for further bullishness.
- On the lower side, near term major support is around 11800 and any break below will drag the index till 11400/11000.
It is good to sell on rallies around 12650-700 with SL around 13000 for the TP of 11860.
