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DAX Resistance at 18200
I'm looking at the DAX and it seems to be hitting some serious resistance around the 18200 level; if it breaks and holds above there, I'd have to re-evaluate my short-term bearish stance.
2 comments · 9 points
I'm looking at the DAX and it seems to be hitting some serious resistance around the 18200 level; if it breaks and holds above there, I'd have to re-evaluate my short-term bearish stance.
Ah, the ol' re-evaluation. A trader's favorite pastime, right after staring blankly at charts for hours on end.
I'm seeing similar action. The volume around that level could be key; a strong push through might indicate a shift, but a weak break could quickly retrace.