DAX 30 Futures Forecast January 18, 2013, Technical Analysis

The DAX 30 futures market had a strong bounce off of the bottom of the gap that we have just filled. The hammer from the Wednesday session set up the bullish action we solve during the Thursday session, and now it appears that we are going to make an attempt to break out and above the €7800 level. It is at that point in time that we are more than willing to start buying the DAX again, as it would show a breakout and a continuation of the massive bullishness we’ve seen over the last couple of months. We fully anticipate this to happen, but we wait until we get that daily close above the €7800 in order to actually pull the trigger.

 

DAX 30 Futures Forecast January 18, 2013, Technical Analysis
DAX 30 Futures Forecast January 18, 2013, Technical Analysis

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