Trend perspective and probability: downward DAX 60%
The DAX dipped somewhat the day before and reached 23,418 points in the daily low before a recovery started and the DAX went out of sale at 23,583 points. This Tuesday, the DAX should reach a daily high in the range from 23,650 to 23,700 points and then probably return. As long as the DAX then remains at 23,418 points above the previous day, a further increase can be expected. Should the DAX break the Ichimoku cloud in the 4-hour chart, the situation would lighten up again at short notice. If the DAX dives under 23,400 points, a continuation of the downward movement up to 23,000 and 22,795 points would be expected.
The German shopping manager index for September is at the economic front front at 9:30 a.m. An unchanged stand of 50.5 points is expected. At 3:45 p.m., the shopping manager index in the USA for September and at 3:50 p.m. a speech by US President Donald Trump is expected in the afternoon. Today, AAR, Autozone, Micron and Bet-at-Home present their numbers at the sole proprietorship. In Japan, the stock exchange remains closed due to a holiday on Tuesday.
Commercial opportunities
As long as the DAX remains largely below 23,650 to 23,700 points, the course of the course is expected to have a rather falling courses up to 23,500 points. Then after this return, as a result, now with a rout, with an increase over the resistance by 23,700 points would brighten the situation for the DAX again. On the other hand, a further drop in the price of 23,000 and 22,700 points would be probably under the support of 23,400 points.
Resistance: 23,700 / 23,750 / 23,800 points
Supports: 23,600 / 23.550 / 23,500 points
Product selection
More information about the DAX is available in the Morning Call this morning here: