Previously we had recommended to sell the index from its high and we have seen what the market has performed in a few days. As expected the market corrected and has corrected more than 700 points. Are we expecting a downfall to continue? Yes we do but we are near the Support zone, so the point would be to trail a Sl so that we don't miss our profit in coming days. If the market is able to close below 14186 we expect the market to correct more than 800 points ahead. We advise trail SL to 14380.

The Rsi is trading near 20 which is a caution for us in coming days as it is indicating an oversold market.

DMI is suggesting a good negative trend with adx above DMI+, the only concern would be DMI- is falling down, which suggests no more new entries.

The Index is trading near the 200 EMA, it will act as support ahead, be cautious in the market book more than partial and hold remaining with trailing SL, and if the mentioned level has been broken will enter again.

DAX

Sep 21 2021