DAX30 – Mar 26, 2017

Technically I see corrections, as I commented, but if the votes this year in countries in European Union are a victory for the nationalists, may see market reactions – quick corrections same as US election and Brexit corrections, but smaller. With other words, DAX and dow can’t fall now, immediately, before 1 – 2 months consolidation and inability prices continue to rise. At the moment DAX has double top for which I commented after Brexit, when the price was 9150. At this time I commented, that I expect this double top, lower second top and correction after this double top. I gave previous weekend chart with my expectation for this corrective wave. To the election in France next month 27 April, I don’t expect huge movements. I expect for DAX consolidation between the current top and lower limit 11400. Actually I hold short positions.