Support & Resistance
| KEY LEVELS | Difference | |
| Daily R2 | 10359 | 11 |
| Daily R1 | 10317 | 19 |
| Value Low | 10281 | 45 |
| Daily Pivot | 10264 | 19 |
| 24hr VWAP | 10257 | 21 |
| Naked VPOC | 10256 | 22 |
| Value High | 10239 | -13 |
| Daily S1 | 10222 | 27 |
| 34 Hour EMA | 10218 | 63 |
| Daily S2 | 10169 | 27 |
| 200 Day EMA | 9525 | 8 |
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Dax Charts
Dax Daily Chart |
Dax Intra-day Chart |
 Dax Daily |
 Dax Intra-day |
Dax Volume Profile Chart |
Free Trading Signals (Screenshots) |
 Dax Volume Profile |
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Dax Analysis
We have some important news today from Greece and Japan, but with the greatest respect to those countries, I don’t really care so much about them. I am interested only in Thursday and what Draghi has announced/failed to do.
I predict today to be a slow day again, perhaps with a few smalls spikes here and there to reflect the previous news and some last minute panic trades ready for Thursday. I already have my long trade on, I haven’t spotted another opportunity to add to it yet because we are ranging and I suspect I will be bored today in my new, temporary role, as a swing trader. Perhaps I will take a look at some of the other markets.
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On the daily chart I will bring your attention to the fibonacci extension and look at where price is currently stalling. I have taken a piece of my trade off here, but the majority is still on and staying put. RSI is lower here at ATH than it was December when we corrected so I still feel confident of getting the longer-term target of the 100% extension at 10950, especially if ECB release the much anticipated QE. I don’t personally believe QE is the answer to the economical problem, but that won’t stop me trading it’s likelihood of happening.
Intra-day, we are range bound and moving sideways. There is a clear channel there and decent trading opportunities are available on occassion, I have placed a couple of orders at the top and bottom for tomorrow with tight stops and around 3:1+ R/R. With the pivots compressed, the 34 EMA is pointing at S1 and support is continuing to build here and I feel that only a disappointing ECB release will now break us back down below 10k. You can see the trade lines on the “intra-day” chart above
The volume profile gave us a near perfect normal distribution curve but with an off-centre vpoc. The vwap is still almost identical to vpoc and yesterdays values were pretty similar too. We are preparing for a breakout.
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