As the Dax is closed today, I decided to keep today’s article (21-05-2018 DAX Analysis) very short and provide a quick swing overview and the video below. Tomorrow we will return with more detail.
21-05-2018 Dax Major Swings
- Major Swings are bullish above 12915 and a break of the UMLH on the MML can provide a well-timed entry.
- We’ve already tagged the ML on the major fork, so we could be in for a bearish reaction leg closer to 13000
21-05-2018 Dax Minor Swings
- Minor swings are bearish and we’re expecting 13027 to get a visit to offer a potential spot for longs
- The Friday evening coil may be an interesting spot to watch if we gap higher tomorrow.
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