We are accumulating in a narrow range, trading sideways and the sentiment is one of boredom at the moment. The Dax and the SPX are currently sharing some correlation at the moment and the SPX seemingly wants the 2500 psycho level. There is a disparity between the Dax and its US counterpart, as the latter is testing all time highs and the Dax is not quite there.
The target area still remains at 12800 but the opportunities to get in on this are few and far between. Each time we place an entry target, it doesn’t quite get there and continues to move higher, making it less attractive to get long.
Interesting short zone: 12560-12600
Interesting long zone: 12400-12440
Dax & FDAX Technical Analysis 15-09-2017
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