Dax Technical Analysis 18/04/2016

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Good morning traders!

The daily chart shows us at key resistance under 10050
A break and close above 10120 this week could be significant
Dip buying strategy is the most profitable at the moment
Neutral/Bearish

As I write this article, the Dax has already opened a gap lower to just above 9900 and bounced back, closing the gap and recovering every point. I suspect it caught a few traders up in the cross fire this morning so I am struggling to determine a bias. We have already taken out the daily S2 this morning and are now just underneath the daily pivot. EURUSD is still bullish which generally points to a Bearish Dax.

The subscription members: I will provide intra-day signals today until I have a clearer trend following strategy to provide signals from.