The DAX has reached its 21-fourhourly EMA, the line I earmarked yesterday for shorting a reversal. If it turns sharply lower from here, I would look to short, targeting a revisit of the lows around 9196 and maybe more.
DAY: I’d short a drop back through the 13-fourhourly EMA.
POSITION: Nothing for now.
| SUPPORT | RESISTANCE |
|---|---|
| 9313.3 | 9600.1 |
| 9243.3 | 9449.2 |
| 9189.2 | 9424.2 |
| 9140.2 | 9383.1 |
