The DAX has come back brightly from its sharp sell-off, which had left it slightly oversold as of Tuesday’s open. The move only looks to be in its early to middle stages to me. I look for a rally to 9640 and then to 9735.
DAY: I’d buy bounces off the rising 21-hourly EMA.
POSITION: I’d buy bounces off the rising 21-hourly EMA.
| SUPPORT | RESISTANCE |
|---|---|
| 9449.2 | 9812.1 |
| 9424.2 | 9729.5 |
| 9383.1 | 9682.1 |
| 9313.3 | 9600.1 |
