Stock Markets Analysis and Opinion

DAX: A Break Above 13700 Is A Buy Signal

11/08/2022

Less than a minute

2022.11.08 00:16

Jason Sen

December now meets resistance at 13550/600. Shorts need stops above 13700. A break higher is a strong buy signal targeting 13770 and the August high at 13950/970.

Shorts at strong resistance at 13550/600 target 13470 and 13300/280. Further losses can target 13180/150.

December soared 340 (5%) ticks last week. 200 ticks of that gain was on Friday. I have no idea what happens today! The 87.6% Fibonacci level is 7390. Above here look for 7430/40, perhaps as far as 7480/85.

First support at 7280/70 with strong support at 7220/00. Longs need stops below 7180.

11/08/2022

Less than a minute

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