Monday’s session was like a rollercoaster for DAX and it seems like today it will be the same. Session started with weak opening. There was almost 100 pts of bearish gap but then bulls started to make it up. US Chicago PMI and new houses starting were much worse than expected. After this data US indices started to grow and the same was with DAX. As a result DAX ended with a score -0.19%. After end of session in Europe, American indices started to decrease: S&P500 -0.81%, NASDAQ -0.71%.
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Tuesday will be full of PMI releases both in Europe and the US. For DAX this will be fighting in 9,450 pts area. The closest resistances: 9,450 pts, 9,600 pts, supports: 9,300 pts, 9,100 pts.
