Market Analysis - DAX, S&P 500 and VOESTALPINE

Nothing really happened on Monday. At the XETRA DAX you can see another indecision candlestick (inverted hammer).

As I mentioned in the weekend blog entry I am looking for a pullback back to 6650 to 6700.


The S&P 500 also did nothing yesterday. It was a low volume day and the hourly trendline which I emphasized in the post on Saturday was not hurt either.

The recently mentioned VOESTALPINE is going straight up maybe until the € 38 level.