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.