DAX WEEK NEGATIVE CANDIDATE

The index has pulled back to test the Key 8300-8200 region which was the previous high from 2000 – and 2007. DAX has broken the floor of the rising trend which indicates a weaker initial rising rate . Gave a negative signal from a HEAD and SHOULDERS formation by the break down through the support . Further fall to 8100 or lower is signaled .The index has support at points 7500.