DOW-JONES

[PCMNewsdesk]

[PCMNewsdesk]

The benchmark DAX index (DAX) of equities gained 9.45 percent this year, while the Standard & Poor’s GSCI Index of 24 commodities rose 0.4 percent. The two red lines show a gap from 8080 to 8130 which will be closed in some time. Generally, the investors weaken in their consideration for a bullish market.

[PCMNewsdesk]

[PCMNewsdesk]

[PCMNewsdesk]

The DAX index gained 9.45 percent this year, while the Standard & Poor’s GSCI Index of 24 commodities rose 0.4 percent. We had a movement within around 70 Pips, which is quite normal through the summer months, due to lower volume. Basically the DAX is bullish, but the strategic bias tells another story. Investors perceive equities as too expensive. It could occur that a high sale pressure through those investors. Be alarmed for a big sell off coming up soon.

[PCMNewsdesk]

The DAX finished the day nearly unchanged and could not stay in the direct attempt to 8400. The daily high was marked at 8377 and the DAX finished at 8331 and built a “Doji” candle which shows the uncertainty of the market participants. Basically after breaking through the flag formation the target price is between 8812 with some resistance at 8400, 8435 and 8531 – last all-time high.

[PCMAnalyst]

we see non ideal crab formation in H4. it's expected to drop by breaking through 15400 hurdle.

[PCMAnalyst]

In H4 TF the index is in a powerful bullish trend and currently we have the price in natural movement inside a rectangle. We are expecting a trend oriented by exiting it from this range.

[PCMAnalyst]

The price is on a downtrend in H1 TF. As long as the trend line in 15523 won’t be broken we are expecting not to be formed an uptrend.

[PCMAnalyst]

As we noticed in previous comment the price is still in a bearish trend in H1 TF. As we follow, we can see it dropped after an inv ab=cd being formed. The continuation of dropping the price to the 15254 range will be prepared if 15330 hurdle being broken.