DAX to stall at overbought extremes.

GER40 - Intraday - We look to Sell at 15119 (stop at 151201)

We are trading at overbought extremes.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Rallies should be capped by yesterday's high.

Our profit targets will be 14909 and 14879

Resistance: 15128 / 15200 / 15300
Support: 15050 / 14950 / 14830

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DAX Indexdax30dax30shortdaxanalysisDE40de40eurGERger40Support and Resistancetradeidea

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