The DAX had a slightly positive session on Monday as we continue to churn around the 7750 level. Right now, it appears that we are simply going sideways and trying to catch our breath after the massive move higher over the last couple of months. Because of this, we think that a trade in this market will be difficult right now as we simply are going nowhere.
However, we do think that a move above the 7775 level would signify that we are going much higher, and would become aggressively long at that point. As far as selling is concerned, there’s absolutely no way to do that as this market is simply far too bullish at this point.