141021 Daily DAX Outlook

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KEY LEVELS

8972 – Daily R2 & 8865 – Daily R1
8805 – Deviation high for today & 8648 – Deviation low for today
8775 – Daily Pivot
8768 – Value area high from yesterday & 8699 – Value area low from yesterday
8742 – 24 hour EMA
8727 – Current daily VWAP
8716 – Naked VPOC
8680 – 38.2 Fib zone from recent swing high/low
8664 – Daily S1 & 8574 – Daily S2

141015 DAX Prediction: Down

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#DAX $DAX I like to use a signal on my charts that calculates moving average crossovers¬†when RSI is either overbought or oversold. It’s a simple but powerful tool that helps decide on possible entries into the market. Today my chart is giving me a clear indication that the market wants to not just fall down, but fly down.   My prediction: SHORT <