The bearish breakout in the DAX (discussed in yesterday’s analysis) happened faster than expected. The index slid even below 14400 amid a high degree of uncertainty in the market.
Given the strength of a bear market, we pencil in lower targets at 14200 and 14000.
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Long @ 1.1320
Short @ 1.1275
Long @ 1.3615
Short @ 1.3565
Long @ 14420 – 1st trade: -10 points, 2nd trade: +40 points
Short @ 14310
Long @ 2620
Short @ 2490
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