DAX: GER30 in bear market after breaking 8900 zone ?
DAX is now for second day under the very important 8900 support zone area.
If DAX in the next day not return to 8900 zone , we can confirm the bearish
outlook.
Summarized :
bear:
DAX break his long trendline 2011
DAX starting making lower lows
The very strong 8900 supportzone turning in heavy resistance zone.
negative for bear :
oversold RSI
If we have a false breakout from 8900 , 8900 return back in supportzone for DAX.
The new earnings season starts, if results are good , DAX will recover to make a positive balance for 2014.
If DAX in the next day not return to 8900 zone , we can confirm the bearish
outlook.
Summarized :
bear:
DAX break his long trendline 2011
DAX starting making lower lows
The very strong 8900 supportzone turning in heavy resistance zone.
negative for bear :
oversold RSI
If we have a false breakout from 8900 , 8900 return back in supportzone for DAX.
The new earnings season starts, if results are good , DAX will recover to make a positive balance for 2014.
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