Dax indicators 2.5.2012

According to to my earlier posts, we are currently consolidating. The range remains unknown even 6750 seems to act as an important support/resistance.

20 day highs vs. lows seems a little bit sloppy at the moment. Could it turn down?

Also Dax cycles seems to be going down.

Dax strength indicator is currently in a consolidation area. I have marked the previous areas by red windows. So, don't expect higher close than 6800 during next be 1-3 weeks. Intraday highs don't matter.

Risk indicator came down as it was supposed to come.

A short term top 30.4.2012

Some of the indicators currently indicate that the investor short term risk appetite is about to reach it's maximum. So, let's see whether we will see a consolidation or a pullback.

Global sentiment week 51

At the forex market, one good barometer of risk sentiment is AUD/JPY. The global sentiment has been pessimistic since June. Currently it is consolidating or trading in a symmetrical triangle.