the daily chartist

DAX recap for 14.09.2015

published 3 years ago
DAX daily

DAX Index recap for 14.09.2015

DAX today opened at 10186.5 and moved to a day-high at 10227.3, just to turn a bit negative, but to close the day with a +0.4% as the only European Index to end the day in positive territory. The Index may turn south again to test the levels around 9969.5 which is a buy zone and if it brakes trough, the bears may find momentum and go for the zone around 9782.2. On the daily chart the Index is consolidating in a flag type figure and it will not be a surprise if actually the consolidation remains unchanged until Thursday this week when the FED will announce if they will implement a rate hike. As the week progresses this is to be expected from markets around the world and we will see more consolidation as market participants set in for the news.

FTSE ended -0.3%

CAC  -0.3%

IBEX -1.6%