The DAX Index continues to show signs of strength, as it looks like we are trying to break out.
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If we can break above the €15,000 level, then it opens a move to the €15,750 level. The market is a little overextended at this point, so it would not surprise me at all to see a little bit of a pullback.In fact, the Monday candlestick was a shooting star, a typical selling signal for technical analysts. However, I’m not inclined to short this market, I am looking to buy little bits and pieces on dips because I do think that it is trying to go higher.
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