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DAX Index Analysis
Time Frame : Daily Chart
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Watching for Weakness
The German DAX Index is showing weakness and the bulls will have a hard time keeping the party going. Price is trading between two key levels at 12500 resistance and the anchor the trend up at 11565. The momentum is slowing at a time when the US and EU may have trade issues and add to that the IMF comments on weaker expected growth; we may see some profits start to get locked away. If price pushes down to 11565 then watch for a lower high to play out and a short entry setup. There is still some action to play out but we expect the index is looking heavy and due for a pullback…at the least.
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Index : DAX Index
Current Price : 25363
Status : On watch for weakness and sell entry setup
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