After a strong rally from December lows markets are in a "wait and see mode " - STILL !
Waiting for : trade deal with China (probably priced in - bar the pop on the new)
Waiting for Trump to reach deal with Dems on Border Security (i.e. THE WALL)
Quick look at DAX :
Daily chart from the 7th
Looks like a breakdown from a bear flag
Relative weakness vs other major markets
Look left - 11550 level if breached might signal change in short term trend - until then medium term downtrend still in force.
DAX 2 hour from today
This shows the break of the recent uptrend
And a rally from oversold levels
could be a test of the broken trend line and then resumption of downtrend OR
that fall was a fake out and now rallying to test 11550 level
Finally look at weekly DAX
testing the 200 week MA
rally has relieved oversold
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.