DAX 30
Forming a shooting star candle on the weekly chart against the psychological 12000, under the record high in April 2015 is 12390.75, and overbought on the RSI again is not a winning combination. Keep in mind that 2-year Schatz hit a new record low yield at minus 95 basis points last week and 10-year ones have retreated from recent highs.
SHORT TERM TRADER: New small short at 11840; stop well above 12000. First target 11450.
POSITION TAKER: Square.
SUPPORT | RESISTANCE |
11800 | 11950 |
11720 | 12032 |
11690 | 12080 |
11600 | 12125 |