A post-rally look at the Dax
The rally since June and July’s low is probably corrective and temporary, and with futures testing a weekly bear trend as well as the 200-day average rate signals have weakened. There is no clear reversal pattern but the outlook for Tuesday is bearish.
Allow room to sell rally. Lower stop to entry if the first target is met.
Entry: market and 10247.0, just below yesterday's high
Stop: 10314.0, the June 23 close.
Time horizon: today only.
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— Edited by Clemens Bomsdorf