| Videos | Channels | Search |
Dax rally expected after 4th day of lows
Steve O’Hare is looking at the Dax Index, which after Friday's 3% fall in prices has been followed by a doji candle, signifying indecision. Although this is the 4th consecutive day of lows, the market has found buying interest. Tuesday can be a notorious day for a move against the trend and Steve expects a more positive move in a corrective sequence. So prices could test the bear resolve as the day progresses. Steve’s medium term outlook is bearish and he’s looking for a good rally to offer an opportunity to set shorts at higher levels. His call is Bullish bias – Buy at the open & at 9315 with stop at 9280 and targets of 9400 & 9480. Support levels are 9315, 9280 & 9200
01:20 minutes
Tags: bearish, bearish bias, bearish market, buying interest, dax, dax futures, dax index, dax rally, dax target, doji candle, falling trend, index trading, markets, rally, saxo bank, saxo tv, stock market, stock trading, stocks, tradingfloor.com, trend