Dax 7-28-2010

July 28th, 2010 by admin Leave a reply »

Today: The Dax futures are trading in buystalk mode still, however since the
open, they have been trading lower, going the wrong direction for the time being.
We have taken out yesterday’s low of 6187.5, and put in a low of 6170.5 thus far
today. The bystalk condition will remain on for now, but a soft session today into
tomorrow again, and the shut off will get ever closer. Today I would pivot off of
the 6186.0 price level, where if we are above there, then we are on safe ground,
buy below there and the index remains vulnerable.

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