All eyes on the DAX tonight. Most other markets (UK, US etc) are strongly overbought on a daily basis, but the DAX has recently been a decent yardstick market for sentiment towards the Eurozone and its stochastic is still pushing up towards that key 80 level. How it performs with this resistance level will be telling.
If the DAX breaks out (closes above ~6415, to be sure) then that should boost sentiment in the short term and bring us a few further days of upwards movement in this bounce. If it rejects it then all bets are off.
chris fords - guru meditation number thursday, page-85
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Last
8,057.9 |
Change
58.600(0.73%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,999.3 | 8,083.7 | 7,999.3 |
| XJO (ASX) Chart |