DAX Report 2019-08-13

Intermediate

Dax is holding what is now resistance at 11700/720 on the bounce to re-target 11650 & 11610/600. Further losses target 11550/560 perhaps as far as 11470/460 before a retest of the low so far at 11435. A break lower targets 11400/380, 11320/300 & below 11280 risks a slide as far as support at 11180/170.

Bulls need to beat 11750 to target 11790/799, perhaps as far as resistance at 11830/850. Shorts need stops above 11900 to target 11960/980 then resistance at 12100/150. Shorts need stops above 12200.

DAX Monthly Chart 2019-08-13

Jason Sen

Editor

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successful...continued

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