DAX shorts anywhere near 12530/550 worked perfectly. Failure to beat 12540/550 is a sell signal targeting 12475/465 and first support at 12385/375. We bottomed 21 ticks below here yesterday but further losses are likely to better support at 12300/12290 for some profit taking on our shorts. This is the last line of defence for bulls but longs are risky. If you try, stop below 12240 and reverse back in to a short targeting 12215 and minor support at 12145/135. Below here targets 12070/060 and 12035 before the mega important support at 11900/11890. Remember we picked a low for the correction here last time?
Minor resistance at 12420/430. Gains are likely to be limited but if we get anywhere near 12530/550, try shorts with stops above 12600. An unexpected break higher is a short term buy signal so reverse back in to longs targeting 12640/650 and very strong resistance at resistance at 12730/750.