DAX Index Decline Still Has More To Go

Analysis of the downtrend...

Untouched from my last publication.

More downside is possible and upside potential to 11,200-11,300 would set up very low risk short sales with 11,450 stop.

The 11,400 is the "mode" of the decline and where sellers are in control. Prices could fall from a measured move from 12,400 down to 11,400 and project down 1000 points to 10,400. I have 10,600 graphed on here based on the conservative forecast based on the trading range around 11,400.

The market is very oversold, and can lift from here, right into a low-risk short sale as labeled.

Tim 11,062 last 1:31PM EST June 16, 2015