DAX Forecast August 24, 2015, Technical Analysis

The DAX gapped lower at the open on Friday, turned back around to fill a gap, and then dropped enough to fill a shooting star. Because of this, it looks as if the market is going to continue to go lower, but we recognize that the €10,000 level below is massively supportive. With this, we are waiting to see if we get a supportive candle that we can use to start buying and taking advantage of perceived value in the DAX. With no interest in selling at this point, quite frankly if you are trying to sell you have missed the trade.