DAX update

dax jan 19 2015

This morning the shot up again to around 10253. A fairly clean triangle had developed over the past two months, now we are getting the “thrust”. This thrust should be good for about 1000 points given the size of the mouth of the triangle. As e bottomed at about 9600 that suggests about 10600 for a target. The apex is a month away at the most so a few more up days could do the trick.

By the way, EWG is not following the same pattern and is not even close to the peak.