SEP'16 DAX: Overbought, but dip buying dominating sentiment
All of this week’s bullish targets have been met with a near 500-point rally. Thursday’s bullish signals have also been confirmed, investors buying futures to post a sixth higher daily low in a row and a gain of almost 200 points on the day. This is all positive, but the bounce is potentially corrective and it is testing the 200-day average rate as well as a weekly bear trend. With no sign yet that demand to buy dips is ending though, signals continue to point cautiously higher.
Entry: Market and 9970.0.
— Edited by Susan McDonald
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