Hello traders, good morning. The Dax remains bullish. The major swings are bullish with the trend defining level currently 12863 and the second swing back (line in the sand) around 12672. A ‘dip’ may break below the first level, but holding above the second swing back will still encourage bulls.
It’s possible that the Dax does not come back to provide a dip today and instead continues to new highs, strengthening the trend.
Please excuse the lack of communication yesterday. I was unable to produce an article or video as my VPS was having scheduled maintenance. After the maintenance, I discovered that the old Remote Desktop Protocol (the software used to access my server) no longer worked with the updates, so I killed some time trying to solve that.
However, there is some good news. I am uploading content for the new swing trading course and there are already over 25 units ready for you (the course is currently only available to premium and gold subscribers). Here’s a snippet of what is already available and I have over 50 more units to go:
10-05-2018 Dax Morning Briefing
10-05-2018 Dax Charts
10-05-2018 Dax Key Levels
|Value Area High *||12952|
|Value Area Low *||12901|
|14 Day ATR||145.71|
|*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices|