It looks likely that we are going to retest the lows of late either make it a triple bottom and build higher or break through and continue the correction. 11600 is the key level to watch and I am currently long with a stop under there. Whilst I am bullish, and have been for sometime, I do have concerns over the direction of the market and the current movement is looking bearish.
I have been testing my signals with a particular strategy and I have around 12 positions open at the moment, 6 or so have closed and I will be tracking my results here.
Dax Support & Resistance
|34 Hour EMA||11870||-66|
|200 Day EMA||10517||12|