DAX 30
Still holding in what might be an inverted flag formation. MACD, like momentum is bearish and has been for most of the time since mid-May. Yesterday in Strasbourg, in an EU parliament that seats 751, Commission President Junker lost it with the few MEPs attending, saying it was ‘ridiculous, very ridiculous…the fact that only about 30 are attending this debate is enough to show that the parliament is not serious. I will never again attend a meeting of this kind.’
SHORT TERM TRADER: Small short at 12380; stop above 12735. Target 12000.
POSITION TAKER: Square.
| SUPPORT | RESISTANCE |
| 12400 | 12490 |
| 12310 | 12565 |
| 12270 | 12600 |
| 12200 | 12735 |
