S&P500 started to gain again as expected. Now it is getting close to important resistance at 2,100 pts. DAX is correlated with US index so it appreciated too, but bears were much weaker over here. The most problematic level right now is resistance at 10,100 pts.
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On Wednesday there will be no important data so DAX should just follow Wall Street. In case of S&P500 we can see another attack on pts and this time it can be done. If DAX will break pts next important area is 10,500-10,800 pts. Key resistance and upper band of bearish channel are located there. We can see small rebound if this optimistic scenario won’t happen. The closest supports on DAX are on 9,930 pts and 9,810 pts.
