Obviously we will see some kind of a rebound tomorrow even the intermediate term trend is about to turn down.
50 day cycle just gave a sell signal.
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Dax McClellan Summation Index already made a negative divergence with the underlying index. Currently it is heading down.
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It is highly probable that Dax will fall at least below 7200, and then appropriate short term target could be found from a weekly chart. So far Fibonacci level 7037 seems to be enough, maybe even below 7000.
