DAX setting up for break of key 12600 level

DAX setting up for break of key 12600 level

DAX INDEX XETR:DAX


Main bearish outlook–
Another break of the long term rising trendline is bearish
Shallow rebound from 12610 low on June 19 has ended- setting up re-test and likely break of 12600
Next key support could be 12400

Bullish alternative
12600 level holds, maintaining trading range enrivonment
(level is significant because it was resistance after the February sell-off and support after the move to 13200)