DAX Update 05/09/2014 Morning

Surprise, surprise ECB cut rates yesterday and boost again stock markets.

A very important resistance is at 9800 area. Any close above 9800 DAX will go for new all time highs. If 9800 hold a H&S formation is on the way, see 3 RED BOX in the charts.

Any weakness from US indices, will hurt DAX very bad. My target still at 8700.