Weakened sentiment for Dax points signals lower
Thursday’s bullish signals were confirmed with initial gains of 70 points. However, buyers are cautious with futures trading close to their 200-day average rate and testing a weekly bear trend at 10227.0. Subsequent profit-taking selling and a loss of impetus has weakened sentiment, pointing Friday's signals lower.
Management and risk description
Allow room to sell an intraday bounce and lower stop to entry if the first target is met.
Entry: market and 10,165.0.
Stop: 10,227.0, the weekly bear trend.
Target: 10,010.0 and 9,910.5, this week's low.
Time horizon: today only.
— Edited by Gayle Bryant