Good morning traders!

  • The daily candle posted yesterday looks heavily bearish
  • The range is still in tact and the swing short setup is still available
  • A daily close above 10060 could be signficant, but currently failing to close above 10000

I am still waiting for a breakout and probably not looking to trade until it happens. I will spend some more time getting the DaxTrader RSI system ready for the beginning of April. But if I was trading then part of me thinks we will break higher before selling off aggressively again.

The pivot from yesterday has almost become the S1 today, so bulls may look to that level to provide support and buy from here, as a foundation may be building to grow from.

There is a case for both sides and as there is no trend to follow, I am happy to stay neutral and sit out again today.

Dax Support & Resistance

KEY LEVELS
Daily R2 10175
Daily R1 10082
Daily Pivot 10023
Daily S1 9931
Daily S2 9872
200 Day EMA 10231

 

DaxTrader RSI EA Version 3 Trial

[success]Version 3 is now ready to trial![/success]

Download a trial of Version 3 here

[purchase_link id=”5396″ text=”Purchase” style=”button” color=”blue”]

I will be producing a new user manual with new instructional videos to go along with this new version of the software and the official release date will be April 1st.

Join the mailing list for a discount code.

Users who have already purchased previous versions of the system will receive complimentary upgrades, but I may need you to email me to ensure I have your contact details.