Thursday, June 16, 2011

Market Analysis - DAX 30 and EUROSTOXX 50

DAX and EUROSTOXX 50 have both closed quite ok. So I think the bulls will have a chance to push the indices higher. Just the last few minutes we saw an explosion in the Volatility Indices of the US-Indices which I was looking for. In my opinion we could see a nice rally over the next few days, maybe even weeks. Watch in the S&P 500 cash the 1249 level a daily close below it would be bearish. In the EUROSTOXX 50 today's lows should hold and in the DAX 30 the 6990 level is critical.

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