DAX30 - Oct 11, 2016

[Evgenia Gencheva]

Test support at 10600 for DAX tomorrow morning. Around noon +1 gmt, DAX will break 10700 level. I expect to the end of the day 10750 level, even more.

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[namavi]

this afternoon dax hits about 10700 than bounce back to 10620 ; are we going to 10750? thks Evgenia

[Evgenia Gencheva]

Hi namavi! US indices fall at the moment and this affects the DAX 30. Especially NASDAQ 100 goes to 4800, pull back after breakout at 4900. This is the reason for the falling of DAX now. According to the small charts this correction for DAX is completed, so to the end of the day I expect recovering to 10660.

[namavi]

thank you Evgenia

[Evgenia Gencheva]

DAX is almost in the same situation, as NASDAQ, because DAX broke today the top trend line and technically this is absolutely normal pull back and test support. I hold also some buy positions from afternoon, but most of my buy positions today were from 10600 to 10700, therefore already closed.

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