Hello traders!
No report today due to the May bank holiday here in UK.
The bears believe that we are coming back up to kiss the daily 200 EMA goodbye on the way down to 9900, so the daily high could provide a popular stop loss for short selling.
The bulls believe we have just about reached support, bouncing from the March highs and the psychological 10k and we are back on our way to resuming the bullish trend of late.
I don’t have any trades open today but you can keep yourself busy with some free signals from The Trading Exchange, by following this Twitter account: @224trading
[success]The DaxTrader RSI System version 3.2 is now available[/success], so if you have not received your upgrade, can you please just drop me a line and I will sort that for you.
