German benchmark future ($DAXF_F) reinforces intermediate term top! The Thursday push through key 9015.5 and 8983.5/66.0 props has confirmed an
German benchmark future ($DAXF_F) reinforces intermediate term top!
The Thursday push through key 9015.5 and 8983.5/66.0 props has confirmed an intermediate term Double Top and reinforced a still more bearish theme after the prior reversal below the critical up trend line from June 2013.
The threat is now to a mini gap at 8936.5-35.5 and then 8893.0, the 38.2% retrace of the April 2013-Jan 2014 rally.
Overshoot threat below here is to a pivot area at 8772/66.
WHAT CHANGES THIS?
Above 9230 eases bear risks; through 9384.0 signals a neutral tone, only shifting positive above 9600.0.
