Yesterday the DAX gapped lower, but today has GAPPED higher..
We are still near the "obvious" resistance" and psychologically many will be looking for the FALL from here. Maybe. BUT if yesterday was the extent of the selling and many are short then the SURPRISE move will be higher and once we breach the "obvious resistance" the next level will be 6400 fairly quickly, where we may pause and trade in the "RESISTANCE AREA" ie 6150 to 6400.
Tomorrow and Friday keep eye out for headlines from the EU summit!
Reading a few blogs, seems like everybody is looking for the markets to fall from here...(contrarian signal)
as always be prepared !! ie PLAN B!!
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
Quotes
Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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