Dax 7-29-2010

July 29th, 2010 by admin Leave a reply »

Today: The Dax futures have technically come out of buystalk mode, even
though they are trading higher on the day after closing in buystalk yesterday.
This means that 6256.0 to 6259.0 will be the main resistance today, and if they
can stretch through there and clear 6264.5, they should then go back into
buystalk mode and have the ability to trade higher from there. In the morning
going forward, use 6234.0 as your pivot, in that we need to get above there to be
in the fight to go higher. On the downside, use 6216.0 as your guide, for if we get
back below that support, we are vulnerable to go lower toward the 6173.5
support. If under 6151.5 then we throw the towel in and turn into a negative
sentiment.

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