Dax Analysis

Dax Analysis
Dax Analysis

The average German must be wondering what they did to be beholden to Greece while they watch the Dax. Todays pivot is 10967 and looks weak to start with today. 10815 (S1) is support if this 10875 area breaks first thing. 10786 is the bottom of the 10 day Bianca below that so we may see a bit of a bounce there, though the 20 day channels have been better this month, with support for today at 10687. That also tallies with the bottom of the 10 day Raff so worth a long if seen for a possible bounce of 100 or so. Maybe even more!

  • Short off the pivot at 10967, stop 10982
  • Long 10786, stop 10766
  • Long 10687, stop 10666

These look like possible plays, though Dax is pretty wild at the moment with Greece.