Today: The Dax futures gapped open to put in a high at 5914.5, and have
traded lower since their open, trading below Friday’s high level of 5895.0. They
look initially like it may be difficult now to trade back up to that opening high level
again in this session, and the U.S. side will dictate that, but use Friday’s high of
5895.0 as the hurdle toward achieving that goal. On the downside, support
begins at 5863.0, and they have put in a low thus far this session at 5871.0, and
have built up a rotational point around 5875.0. Note that longer term the Dax is a
bit off the pace from the other indicis in reaching or approaching the previous
highs set in January, so it does have some ground to make up to get back in the
same shape as the others.

• Previous Entry: S&P 500 EPH0 03-05-2010
• Next Entry: FTSE 3-08-2010