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German 30


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Hi  The Dax looks to be waiting for the S&P to make the first move, to either break out of that tight range of the last week on to new highs or to reverse down to find more support, same with the S&P.

The S&P tends to lead while all the others tend to follow.

Daily charts.

 

GER30(£)Daily.png1610.pngSPX500(£)Daily.png1610.png

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Interesting PA, spike up yesterday squeezed a lot of retail shorts out (was 75% short few days ago now 67%), now big spike down on Spain strife news to support at 12907, be interesting to see where institutions take price from here.

 

rsent.PNGGER30(£)H4.png1910.png

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