Trending higher
McClellan Summation Index indicates higher levels, but not much.
Dax cycles indicator is already at the level 69%, but still pointing up. Highest level we have seen during the last 4 years is 74%.
McClellan Summation Index indicates higher levels, but not much.
Dax cycles indicator is already at the level 69%, but still pointing up. Highest level we have seen during the last 4 years is 74%.
Dax is still in an uptrend. Only breakdown below 6100 would be bearish in long and mid term. Although, in a longer term perspective 6340-6630 has been importat resistance level and a turning point many times. Thus, we can expect Dax at least to climb above 6600.
