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DAX 30 Daily Forecast For Dec 9, 2019

Published 12/09/2019, 06:02 AM
Updated 07/09/2023, 06:31 AM

DAX topped exactly here at 13080/13100. This is key to direction and holding here signals the start of a short term bear channel.

DAX is worth trying shorts at 13080/13100 with stops above 13220. A break higher is a buy signal targeting 13250 before the recovery high at 13365/375.

Shorts at 13080/13100 target 13160 and minor support at 13110/090. A break lower targets 13030/020 perhaps as far as strong support at 12890/870 for some profit-taking on shorts. A break below 12840 targets 12790/780 and 12700/680.

Trends

Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

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