Dax first resistance at 12275/285 is obviously key to direction but the close near the high of the day does show underlying strength. Be ready to buy a break above the August high at 12330 targeting 12390/400. We should struggle here with a pause & a high for the day certainly possible but shorts look risky now. If we continue higher look for a test of the 100 day moving average at 12445/455.
Failure to beat first resistance at 12275/285 targets 12240, perhaps as far as first support at 12205/195. Watch for a low for the day. Longs need stops below 12165 but look for an excellent buying opportunity at 12135/125, with stops below 12080.