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GER40 Sell the trend of lower highs.

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CURRENCYCOM:DE40   None
Support and Resistance ger40 DE40 DAX Index dax40 dax30 ger40short dax40short tradeidea
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supportandresistance ger40 de40 dax dax40 dax30 ger40short dax40short tradeidea
GER40 - Intraday - We look to Sell at 15348 (stop at 15421)

Daily signals are bearish.
Our short term bias remains negative.
Trend line resistance is located at 15360.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
There is no clear indication that the downward move is coming to an end.

Our profit targets will be 15166 and 15116

Resistance: 15150 / 15200 / 15300
Support: 15100 / 15050 / 15000

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