The DAX Futures is trading at 10,978.80 up with +0.18% percent or +19.30 point. The FTSE 100 Futures is trading at 6,804.80 up with +0.08% percent or +5.40 point. The CAC 40 Futures is trading at 4,818.50 up with +0.18% percent or +8.50 point. The EURO Stoxx 50 Futures trading at 3,076.50 with +0.20% percent or +6.00 point.
TODAY’S FACTORS AND EVENTS
Dax topped exactly at strong resistance at 10950/11,000 in all but 1 of the last 6 sessions. It is increasingly unlikely, but if we break high we meet the biggest resistance of the week at the 7.5 year trend line at 11140/160. Try shorts with stops above 11240.
We could hold minor resistance at 10900 today to target 10840/830, 10805/800 (we bottomed exactly here yesterday) & support at 10795/785. On further losses look for good support at 10750/740. Further better support at 10710/700. A break below 10690 is a sell signal targeting 10640/630, perhaps as far as 10580
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 24,207.16 up with +0.59% percent or +141.57 point. The S&P 500 is trading at 2,616.10 up with +0.22% percent or +5.80 point. The Nasdaq Composite is trading at +7,034.69 up with +0.15% percent or +10.86 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,402.27 with a loss of -0.20% percent or -40.48 point. Hong Kong’s Hang Seng is trading at 26,799.15 with a loss of -0.38% percent or -102.95 point. China’s Shanghai Composite is trading at 2,559.64 with a loss of -0.42% percent or -10.79 point. India’s BSE Sensex is trading at 36,329.46 up with +0.022% percent or +8.17 point at 12:15 PM.
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