GER30 : DAX recover to 8900 zone , dancing around resistance :)
After breaking 8900 important resistance zone last week DAX recover compleet from the 8400 resistance.
The oversold RSI bring DAX up again.
DAX had a false breakout from 8900 , and DAX return back in 8900 supportzone.
The new earnings season bring good results mostly , and DAX will recover to make a positive balance for 2014.
We wait for second test from the 8900 resistance zone. If 8900 hold DAX have again a strong supportzone for jumping to 9600 zone. If 8900 break again we can confirm the bearisch outlook for DAX.
The oversold RSI bring DAX up again.
DAX had a false breakout from 8900 , and DAX return back in 8900 supportzone.
The new earnings season bring good results mostly , and DAX will recover to make a positive balance for 2014.
We wait for second test from the 8900 resistance zone. If 8900 hold DAX have again a strong supportzone for jumping to 9600 zone. If 8900 break again we can confirm the bearisch outlook for DAX.