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Dax & Dow

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Dow in same situ as S&P and the bulls have congregated at 26477 to hold price up and needs to be taken out for price to continue down, if it holds then it's a up for a est of the pivot (PP).

Dax not joining in but did try a retest of the low overnight 11900 and is now just waiting for Dow and S&P to make the next move.

H1 charts; 

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Posted (edited)

After an hour of nothing on the European open Dax moves up on the London open towards R1 (taken from Friday's data, not Sunday's) Dow in pursuit.

H1 charts;

image.thumb.png.d3720e673bfc62df68cf6f75e0e9602f.png

Edited by Caseynotes

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Both starting out below the pivot suggesting an initial test of support most likely. Ger CPI data just came in as expected but has the econ sentiment at 10:00 may be very bad if the run of poor data over the last months continues.

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German sentiment data worse than the bad figure expected, Dax pushes down through 11608, S1 below at 11557 but Dax will keep an eye on Dow which is holding at around 25790.

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Dax and Dow below the pivot tried lower after the London open but bought back up before reaching yesterday's lows so looks like next a test of the pivot.

H1 charts;

image.thumb.png.c18f2c40cedac5618c6d5689e8826be6.png

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Dax above the pivot but remains trapped under 11546 while Dow stuck at R1 25816 waiting for the US open.

H1 charts;

image.thumb.png.d83aa69640a314521bbbeb77af489f39.png

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Looking for continuation upward today though as ever may see a check of the Pivot first though already well on the way to R1. Yesterday's highs immediately ahead, Dax at 11761 and Dow at 26238.

image.thumb.png.c013de36a83d7102cf3a5c033aed824d.png

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Dax tested yesterday's high this morning then back down to test the pivot just now, Dow also at the daily pivot little moved by the London session and waiting for the US open.

H1 charts;

image.thumb.png.8fc5febd0994312720af8fd3743cc4b3.png

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