On Wednesday on the stock exchanges we observed twists and tension like in Hitchcock’s movies. The day began with the upward movement in Asia. The Japanese Nikkei 225 earned almost 8%, that resulted in upward movement on the start of trading in Europe.
German index DAX broke above resistance with a gap, but staying at this level was too tough for bulls. All german indexes finish on green side: DAX +0,31%, MDAX +1,17%, SDAX +0,73%, TECDAX +0,89%. However after a session DAX FUTURE dropped 150 points, ending the day below zero. DAX has tested fibo 50% of last falls. This may mean that the upward correction of recent falls just ended and we will see a new low. At the interval H1 DAX FUTURE continues moving in upward channel.
On Wednesday, the latest data on DAX investors sentiment was published .
- institutional investors: bulls = 54%, bears = 30%, neutrals = 16%
- private investors: bulls = 51%, bears = 29%, neutrals = 20%
