DAX weekly-below 9999 stay short tgt 9530 and 9010

dax weekly technical analysis 16 to 20 may 2016 DAX weekly technical analysis 16 to 20 may 2016 Dax index this week closed at 9952. Weekly chart trend is range bound with bearish outlook.   Dax below 9999 level remain sell and we saw bounce back or recovery rally up to 9999 but failed to given breakout.   On downside my tgts are 9530 and 9010. Traders below 9999 keep sell on rise view.   For 2016, dax future major resistance is 10850 and below it keep sell on rise view. On downside my long term tgts are 9250 and then 7750.

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Pramod Baviskar

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