Coming correction
Dax has diverged from it's 20 day price channel and MACD is showing negative divergence. Dax would be expected to touch it's 20 day moving average / rising trend line above 6700-6750. The lower level of price channel is at the level 6400 which is the second price target.
Dax McClellan is again pointing down.
Highly negative TRIN readings show significant selling interest.
Volume Index is at the level 6500 which could be reached soon.
A sentiment study from Cognitrend reveals that investors are becoming more pessimistic and thus adding their short positions.
