DAX Forecast December 2, 2016, Technical Analysis

The German index fell slightly during the session on Thursday, showing that we continue to have a little bit of a when to fight. However, I still believe that there is plenty of support below so I am waiting to see a bounce or supportive candle that I can start buying. In the meantime, I would anticipate a slow drift to the downside. I think that there is massive support at the €10,250 level though, so I believe that any move to the downside is limited at best. I believe also that we are trying to build up enough momentum to finally break above the €10,800 handle.