DAX Futures Technical Outlook (Current Level: 22,350): Limited price/time potential before a high probability multi weeks bearish correction
Technical Analysis :
- Current price at significant daily resistance (22,350/22440 area)
- Weekly and monthly momentum indicators showing extreme overbought conditions (a very high probability that a reversal is...
Currently retesting the $220 major daily and weekly resistance on a very bearish momentum context. Great risk-reward, with an objective at $183.63 by Feb 18 approximatively
The Nasdaq-100 has recovered a significant portion of its sharp selloff following Bernanke's comments. However, the current rebound clearly appears to be a bullish retracement within a broader, multi-week bearish correction . Our indicators signal an imminent reversal, which would be confirmed by a 90-minute intraday close below 21,650 .
As is often the case in...
