The market is acting as expected. Let's watch this rebound if it is an intermediate term trend turn or just a bear market rally. Overbought and oversold condition is seemingly easening and indicating a nearing bottom. Anyway, Dax could rebound at least over 6400, perhaps 6544 is a decent target.
.png)
Dax and risk cycle was already at reasonable level to indicate at least short term trend change.
.png)
Check also the other indicators.
LONG: DAX, DCX, CBK, DBK, HEID, SAP, LIN. SHORT: FRE, FME.
