Friday's session started with a slight downward movement which prevailed for the whole intraday session. We've had a bearish based bias and our hypothesis played out as expected. Today we open with a really big descending gap.
Important zones
Resistance: 12 031, 11 899, 11 823
Support: 11 657
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
16:00 CEST - USA - ISM Non-Manufacturing
Today's session hypothesis
Today we open with a 170 points sized gap which equals the range of a volatile day session. There was a row of really nice S/R levels formed. The first zone of our interest is the resistance at 11 823 which could be retested today. If sellers aren't strong enough, Dax could head towards 11 899 and close the gap. Buyers might appear around 11 657.
Important zones
Resistance: 12 031, 11 899, 11 823
Support: 11 657
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
16:00 CEST - USA - ISM Non-Manufacturing
Today's session hypothesis
Today we open with a 170 points sized gap which equals the range of a volatile day session. There was a row of really nice S/R levels formed. The first zone of our interest is the resistance at 11 823 which could be retested today. If sellers aren't strong enough, Dax could head towards 11 899 and close the gap. Buyers might appear around 11 657.