13500-14000 has capped the market for four consecutive years (2017, 2018, 2019, and 2020). In 2021 DAX finally broke the level and now is falling back below 13500. This means heavy fall of the market is ahead.
DAX is demonstrating a perfect example of reacting to psychological round levels (16000,15000,14000). 14000 level seems to be a natural zone for a short position.
Copper is breaking the upper limit of accumulation zone (4.0-5.0) and the move seems genuine. Possible entry could be a test of 5.0 level during the following weeks.
After the initial European indices including DAX fall, market is now rebounding and there is a reaction to 13800. Sell on failure at this level.
Market is testing the bottom of 2020 distribution zone (0.7-0.75) and I'm looking for NZDUSD to reach the 0.65 level.
AMEX:SPY is in a weekly downtrend since Jan 3 and there is a short position opportunity on current reaction. Sell today or tomorrow on breakout of today's low.
RSI is crossing below 50 from OB level and reaction volume is not particularly high, We're looking for a test of 410 level
DAX is falling from a 10 month range (distribution zone) and I believe that bears are in control of the market. A good sell setup will be test of broken support around 15000 and first target could be around 13000.