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Dax & Dow

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Dax managed to get a bounce up off the trendline but struggling to make any headway as Dow bounces sideways on support.

 

GER30(£)H1.pngGER30(£)H1.pngUS30(£)H1.png

 

 

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Dax takes a fun ride down 100 tick to revisit the Feb 15th low before popping back up to put in a new high of the day.

 

GER30(£)M15.png

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After dax stumbled on Friday while dow gained, both looking to continue higher this week.

 

dd2.PNG

 

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Another dax stumble yesterday (as did dow) the up move is starting to look strained with volume dropping away. Influence of the 89% forecast chance of a US rate rise at end of March FOMC? The US CPI data at 12:30 with it's implications on potential US interest rates may stir the mix.

 

 

GER30(£)H4.png

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Remain in step today following the drop yesterday that seemed to be more about Donald Trump's The Apprentice style 'you're fired' than anything else?

 

dd3.PNG

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Dax is going to try and follow dow and nikkei and break up past it's recent down trendline.

 

GER30(£)H4.pngUS30(£)H4.png

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20 min into the Euro open and dax looks more likely to retest the high at 12326 than the low at 12097. 

 

GER30(£)H1.png

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