MarketIntel

DAX: Beam us up, Mr. Scott! ๐Ÿ––

EUREX:FDAX1!   DAX Futures
Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek, DAX was also beamed up โ€“ and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.

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