Dax bulls must ensure an open above important Fibonacci support at 10420/410 plus 2.5 month trend line support at 10380/370. This is likely to be one of the most important support levels of the week as stated yesterday. An open below here however is therefore a sell signal. We should then target 10305 and probably the September low of 10288. A break below here would then test the 100 day moving average at 10190/180. We should be oversold short term at this stage & this is the only place I would be brave enough to try longs today. Ideally we need stops below the August low of 10088.
Holding important support at 10380/370 plus a move back above 10420/410 keeps the 3 month bull trend in tact but strong resistance at 10470/480 is another big challenge. Only above here can bulls feel more confident & if you are short you need stops above 10520. Further gains target 10550 then the gap at 10590/595.