DE30 Sell the top setup.
Updated
GER30 - Intraday - We look to Sell at 13898 (stop at 13977)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13660 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Rallies should be capped by yesterday's high.
The RSI is trending lower.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 13672 and 13572
Resistance: 13800 / 13900 / 14000
Support: 13700 / 13630 / 13550
We are trading at overbought extremes.
A higher correction is expected.
A break of 13660 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Rallies should be capped by yesterday's high.
The RSI is trending lower.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 13672 and 13572
Resistance: 13800 / 13900 / 14000
Support: 13700 / 13630 / 13550
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