On Tuesday normal trading came back and investors had to deal with resistance on S&P500 at 2,100 pts. This level was a real problem for bulls for a longer time and the couldn’t break it yesterday. However we have to consider the fact that US index is very close to it. There can be some consolidation and then another try of breaking this resistance.
DAX followed American brother and ended with score -0.68%. That wouldn’t be a disaster but breaking 10,275 pts was too easy. Bulls power is still not strong enough. On Wednesday after PMI data there can be some more volatility.
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DAX future is a little below 10,275 pts support, if bears will keep pushing, the closest support will be at 10,100 pts. The closest resistance is at 10,500 pts.
