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German DAX Targets Further Highs until this Changes

German DAX Targets Further Highs until this Changes

David Rodriguez, Head of Product
German DAX Targets Further Highs until this Changes

Why and how do we use the SSI in trading? View our video and download the free indicator here

German DAX– Retail traders continue to sell aggressively into gains for the GER30, which tracks the German DAX, and a contrarian view of ‘crowd’ sentiment leaves us in favor of buying into DAX gains.

Our data shows 57 percent of open GER30 positions are currently short. When most are selling we typically look to buy and vice versa. Until we see a substantive shift in the opposite direction we’ll continue to call for German DAX gains.

See next currency section: S&P - S&P 500 Remains a Buy

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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