Thursday, July 2, 2009

DAX - Update Daily and Hourly

Dax close (4905.44)= (+96.79) close again above 4880 and below 5050.
Just like ndx I have to change short term resistance.

Below 4975 I expect [4520,4550] short term
Below 5050 I expect [4000,4200] medium term
Important Suport (Big Picture): 4650
Important Resistance (Big Picture): 5050 - 5175

Important Thursday
Resistance: 4860
Suport: 4800
MACD new sell signal with bearish divergence but need confirmation with close hourly below 4800 to attack lows last week again.

Plan Thursday
Open more short if:
Close hourly below 4800