Short 121.44
close 120.44
The FDAX seems to bottom out today and is noting higher than friday's close. On the DOW we also see a small recovery, but we may expect a further movement south in the comming days/weeks. You can see a the DOW clearly breaking the 50 daily SMA pointing towards the flat 200 SMA. Or was friday just due to a temporarily fear reaction? Don't think so.