Monday, October 26, 2009

DAX - Update Daily 26/10

Last friday DAX give some signals with new sell signal MACD and RTS with bearish divergence.
Expect this week test bottom channel between yellow 5600 and green 5552.
Resistance: 5713,5776
Suport: 5600,5552
The big level to watch for is the bottom of the channel which comes in at around the 5552 area.If this support level fails, I expect downside 5270.