DAX Xetra (cash index)
The bulls have seen a remarkable resurgence in the past few sessions with the market jumping higher again in the early moves today.
It is interesting that this rebound in the past week has been the second time during the rally of the past three months, where a breakdown of support below a previous key pivot support has been a false move.
With momentum indicators swinging positively there is a renewed sense of vigour for the bulls.
The Stochastics are accelerating higher from a cross buy signal, whilst the MACD lines are turning higher above neutral and RSI is pushing towards 60.
This all suggests intraday weakness is a chance to buy.
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