DAX index recovered more than 1% yesterday on positive US market. US Dow increased almost 400 points yesterday after huge sell-off in previous week. S&P500 futures is showing a minor decline after a good jump till 2670 l…
DAX index recovered more than 1% yesterday on positive US market. US Dow increased almost 400 points yesterday after huge sell-off in previous week. S&P500 futures is showing a minor decline after a good jump till 2670 level. The index is expected to show a good jump if it breaks above 2725 level high made on Feb 7th 2018. Overall weakens can be seen only below 2530 level.
DAX index hits high of 12397 yesterday and has closed around 12347.
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 buy on dips around 12200-250 with SL around 12000 for the TP of 12640/13000.
