Watch the close! Honestly... Did it finally made up its mind? Well I hope so. This could be a potential SELL and get closer to the 200 MA, at which it could reverse back to the upside and continue its rally. I am really hoping that it's exactly what it will do. Certainly, if we look a bit closer, then we will see that DAX
was screwing us over a few times with false breakouts (if you look at my charting), but hope dies the last.
I am going to make this drastic call and say "SELL" !!!. But just a bit, not to much, so that we wouldn't get too overexcited with ourselves.
If we will get today's confirmation to the downside, then 12400 should be a piece of cake for the beloved German Index.
As always, keep an eye on the price action!