Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

DAX Future Solid Range Theme; Bias Higher

Posted by on in Equity Index Chart Updates
  • Font size: Larger Smaller
  • Hits: 659
  • 0 Comments
  • Print
DAX Future Solid Range Theme; Bias Higher

A high level consolidation of the Friday surge through 11475.5  and 11650 resistance hesitant, but resilient below 11771.5.

This further reinforces the positive view into Tuesday within a broader range, after the Thursday Hammer candlestick pattern bounce from just below a key 11215 level rejected a shift to a more bearish theme, to maintain the range environment.

For Today:

We see an upside bias for 11771.5; break here aims for 11912.5 and opens risk up to 12113.5.

But below 11558 opens risk down to 11424.5, which we would look to try to hold.

Short/ Intermediate-term Range Parameters: We see the range defined by 12113.5 and 11178.

Range Breakout Challenge

Upside: Above 12113.5 aims higher for 12429.5 and 12500.

Downside: Below 11178 sees risk lower for 10784.5 and key 10651.5.


If you want to see more, you can view the full DAX future report with screencasts, levels and day trade views - click here
And remember, for a FREE trial of our Equity Index Futures and all other reports sign up by clicking here

4 Hour DAX Future Chart

b2ap3_thumbnail_d2_20150512-053008_1.png

 

Last modified on
Rate this blog entry:
0

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.


He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).


Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.


Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.

Comments

Affiliates

  • affiliatelogos.png

    affiliatelogos.png

    http://www.marketchartist.com/images/ju_cached_images/affiliatelogos_0dd0698129febe7a7f50dd2279878ab6_90x50.resized.png

Clients

  • users1.png
    http://www.marketchartist.com/images/ju_cached_images/users1_00e523e7fd03fae1d0fb6c1d94bca6bd_90x50.resized.png
  • users2.png
    http://www.marketchartist.com/images/ju_cached_images/users2_e7bcf72e027318698507bc6d5c761f46_90x50.resized.png
  • users3.png
    http://www.marketchartist.com/images/ju_cached_images/users3_9afdb4dd4719675b88b5a560258e415d_90x50.resized.png
  • users4.png
    http://www.marketchartist.com/images/ju_cached_images/users4_979d06a8228e7e19e3d1617d94264ddb_90x50.resized.png

IMPORTANT NOTES

Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

The last report will be on Friday 4th August, with service resuming on Thursday 24th August.We wish you successful trading in our absence