DAX Forecast October 30, 2014, Technical Analysis

The DAX as you can see gapped higher at the open on Wednesday, clearing the €9100 level. However, we did fall during the course of the day in order to fill that gap, which of course is normal. That being the case, the market looks as if it wants to go higher and that there are plenty of buyers be here. The market should in fact go towards the €9300 level in the short-term, and then eventually the €9800 level. We have no interest in selling this market, because we see far too much in the way of support below.