TechnoMeter

The first target on a failed range breakout was the 12/18 gap (which has been filled) with the possibility then of seeing a move towards the low-end of the November/December range in the vicinity of 12940/810. In the event the DAX can hold up here sooner it could make its way back higher, but the fact the range breakout was negated so quickly suggests we may see more weakness first.



It’s thin holiday-trading conditions in financial markets, and will be the case for the remainder of the week. Markets will be closed on Monday for the New Year, so Friday is likely to see volume dry up again as it did last week heading into the long holiday weekend. It’ll be prudent for traders to take it slow until better market participation returns. January often times brings good price movement, which is the positive as the year quickly draws to a close.

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