DAX 30: goes in a negative territory on H4, gap, possible short

DAX 30 passed below MA50, CCI is under 0 on H4, which is a signal for negative moods.

Index started with gap and closed it, but the corrective move still remains, dangerous for new shorts. Sell positions only after a break of the index below 9597. The support at 9597 withstand, which is the 50% of the Fibo.

The moods on the stock markets are mixed, in waiting of the ECB meeting on 22.01 and the elections in Greece.

 Varchev Traders

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