#DAX $DAX

My overall view for the DAX is bearish this week, I am looking for the start of the large decline towards 8000 and beyond, but it is likely that we will see a move up towards 9000 first. I predict that the market will come down towards 8600 before heading up to 9000 and then make its way all the way down.

Key Bearish Levels for today:

8747 – Daily pivot
8729 – 24 hour EMA
8718 – naked VPOC
8688 – VWAP
8675 – Friday’s Value area low
8635 – Daily S1
8618 – 50% fib from recent swing high to low
8555 – 61.8% fib

Bearish outlook for today

Bearish outlook for today