DAX Forecast August 27, 2015, Technical Analysis

The German index gapped lower at the open on Wednesday, but then went back and forth to test a couple of different areas. We closed just below the €10,000 level, so we think that the market is trying to find a bit of support. If we can get above the €10,200 level, we would be buyers at that point. Pullbacks at this point in time have no interest for us as the volatility will be extreme in our opinion. We are just simply waiting for this market to continue to go higher over the longer term.