DAX update

DAX: Last updated 03/12/2018.

Not too much to add this week as the chart does continue to be bearish as price is still below its 200d SMA.  But, price has bounced off the 38.20% retrace on Friday March 1, and the daily Technical Indicators remain on a buy and pointing up, wanting to see higher prices BUT, price does need to reclaim it’s 200d SMA first to be more certain the low is in, as a retest of the recent low cannot be excluded..