Market comment ..
Undoubtedly yesterday .. was one of the best in recent years, after the relief rally that occurred mainly in European banking stocks .. because of climate reversal observed in the polls for Britain stays in the EU .. But profits were many ..and the risk is still great .. as one can not prejudge the outcome of the polls the day after tomorrow .. Under these conditions stabilizing opening today will reach European markets with investors maintain a positive profile ... pending developments ..
DAX 30
The DAX futures of ... shortly before the opening of markets are moving with profits of 0.14% at 9971 m .. marginally around the pivot point of 9970 m. Above the level of the EMA 21 .. having entered the Kumo cloud ichimoku .. voltage switching signal ..
DAX futures
The potential passage for the German index above the level of ΕΜΑ on 9 .. 9814 m .. triggered investor reflexes ... because of positive developments .. so on upstream yesterday to break the plane of the EMA 21. . 9907 m .. the final closing elaborate at EMA level 50 .. in 9962 m ..
But for splitting the level of 9970 m .. which served as a strong reference point in the past .. not enough positive expectations .. but needed strong positive voltage change evidence .. so pending developments .. one revolution around the this price level .. with a possible decline in the level of the EMA 21 .. because of strong earnings .. is the most likely scenario ..
Bears should give serious consideration to the bullish signs that occur in t index fast stochastic ... with the input signal in ultra Sold price band ... and the positive deviation of the indicator MACD ... also super Sold zone price ..
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