DAX-March13 continued upward. The cluster of probable targets is about 8100.

DAX-March13 has taken January high of 7888. That's my best guess of the price structure of the current juncture:u

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I've been stopped out today on my cummulative short-position in Dax-March13 @ 7784,5. Big picture remains tricky, as January high 7888 stands intact. Proprietary indicators started flashing «sell» signal on small time-frames before the closing today. I went short again vs 7873,5 stop. It needs more immediate downside tomorrow to trigger larger time-frames into a «sell mode». If affirmative, I will update.

DAX is setting up for a large move down. The price structure renders bearish short-term outlook. The first target is ~7300.

The Dax-March has reached the intra-day high of 7784,5 which was within my stupulated target range of 7760/7800. My proprietary indicators are flashing sell signals on small time-frames. I'm short against 7784,5 stop. It needs more immediate downside tomorrow to trigger larger time-frames into «sell mode». If affirmative, I will update. Stay tuned.

Good luck  

The up-trend since y/day' lows is becoming overbought, yet it's not over untill it's over. ~7760/~7800 both are valid targets to mark the end of the ongoing up-swing. Stoxx50 renders the same outlook — ~2650 is likely the target.

The big picture in Dax/Stoxx 50 remains bearish, and implies immediate downside. The targets are 7300 and below 7000 eventually.

The second half of the trading session today has brought a relief, market finally catched an upside traction. Most likely, it is a terminal swing up to 7730/7760 (DAX-March13) area, in order to complete corrective upward structure. Then the downtrend should resume in earnest. Time-wise I expect important reversal later today/tomorrow afternoon.