DAX30

[Caseynotes]

Good piece from marketwatch. The big story though is the China/US trade dispute. China have just watched the EU walk in and do a deal, problem solved. China have today signalled they may well be willing to do the same by wanting to re-start trade talks. Junkers got a deal by giving up partially on the EU's massive trade advantage, China may well take the same quick and relatively easy route. A new deal possibly signed within days will could cause a big surge in the indices. 

[Caseynotes]

Odd multi reversal day yesterday but support held at 12535. Today looking for a retest of resistance at 12718.

1 hour chart;

[Caseynotes]

This morning's dax looks like an inverted mirror of yesterday with the Euro open 7am bar signalling a move to test support but not sure I believe it, the London open 8am bar should confirm or refute.

[Caseynotes]

So yesterday the early signs were correct and Dax was looking for support and found it in the recent trendline. Now reaching for 12705 and 12739.

1 hour chart;

 

[Caseynotes]

Dax is trying to put in a doji to stop the fall on the Euro opening 1 hour candle. If that fails then a retest of 12574 then 12535.

On the up side is a retest of 12700 then 12740. 

[Caseynotes]

Changes coming September in the Germany shares indexes will affect the Ger30 and others;

'Why Germany’s Share Index Overhaul Is a Big Deal';

https://www.bloomberg.com/news/articles/2018-08-14/why-germany-s-share-index-overhaul-is-no-tire-change-quicktake