We can feel sorry for German bulls, because on Tuesday they were disappointed again. On Monday there was no DAX session and bulls over the ocean had good day. S&P500 came back to 2,070 pts area and it influenced beginning of the session in Europe. DAX started session 60 pts above Friday’s close and a moment later 10,080 pts area was tested.
That’s all good news on DAX. Before noon both S&P500 futures and European indices started to fall. Eventually DAX ended session with the score -0.63% and S&P500 -0,94%. On Wednesday we will get to know FOMC minutes. There should be some higher volatility on the markets but we shouldn’t be especially surprised.
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High volatility on DAX future but still without any solution. 9,820 pts is still protecting against declines and 10,100 pts is stopping increases. There is a problem with S&P500 which turned back to 2,040 pts. Further weakness of this index should have reflection on DAX.
