DAX bounce meets first resistance at 12255/265 but the best selling opportunity today is at 12320/330. Shorts need stops above 12370.
A break higher however targets the next selling opportunity at 12440/450. Shorts need stops above 12500. Failure to beat first resistance at 12255/265 re-targets 12180 before the 12138/133 low, then that gap to fill at 12120/115. We are just starting to look oversold but if we continue lower look for support at 12060/050 which is probably the best chance of a low for the correction. Try longs with stops below 11990.