World indices ended Wednesday’s session with losses. It started in Asia: Japanese NIKKEI225 -1.89%, Chinese Shanghai Composite -0.93%. Then Europe: English FTSE100 -1.15%, French CAC40 -0.74%. And it ended in USA: S&P500 -0.47%, NASDAQ -0.29%.

Yesterday’s session on DAX started with 90 pips bearish gap, which was closed after start of US session. Gains didn’t make it too long. S&P500 failed to stay above 2,000 pts and EURUSD is quite strong what makes it worse for German bulls. All German indices lost some points: DAX -1.17%, MDAX -0.71%, TECDAX -2.04%, SDAX -0.65%. 6 out of 30 DAX companies gained, the most E.ON +3.32%, Infineon +1.39%, Adidas +1.05%. 24 companies decreased, the most Vonovia -5.18%, Linde +2.50%, Merck -2.40%.

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On the daily DAX chart we can see reversal island pattern. It is not perfect bearish formation because shadows are on the gap, but it doesn’t change the fact that bulls must close today’s session above 10,030 pts to negate bearish impression.

Sentiment of investors on DAX:

  • Institutional: bulls – 58%, bears – 27%, neutral – 15%;
  • Private: bulls – 59%, bears – 22%, neutral – 19%.

Number of bulls decreased, last week both among private and institutional investors it was 65%. Bears “camp” is getting bigger, but bulls still are dominating among investors.2015-10-15_podsumowanie_sesji_SR_DAX_D1-1024x517 2015-10-15_podsumowanie_sesji_SR_FDAX_M30-1024x477

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