Wednesday’s signals pointed to cautious DAX gains and these were confirmed, though for a modest initial improvement to attract sellers. However, late gains following the FOMC keep signals pointing higher, but with intraday sentiment overstretched and the potential for pullbacks high.
The outlook for Thursday is to buy on the open and at 9960.0, with a stop loss at 9921.0, yesterday’s low. Targets are to 10020.0, 10050.0 and 10150.0.