Trade the breakout in DAX – Colin Twiggs

Oct 25, 2016, 12:27 PM

In this segment, Tip TV’s Zak Mir and Nick Batsford discuss Colin Twiggs' technical outlook on major markets. The key highlight of this segment is DAX chart which suggests a major trading opportunity lies ahead, given the index has been trapped in a narrow range and a breakout is overdue.

Key points

Dow Jones Global Index – bearish money flow divergence continues to suggest long-term selling pressure

FTSE100 – drop below 6950 would open doors for 6500

DAX – has consolidated in range of 10,200-10,800, trade the breakout

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