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German DAX Risks to the Downside

German DAX Risks to the Downside

2016-05-10 16:55:00
David Rodriguez, Head of Business Development
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German DAX Risks to the Downside

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

German DAX– Retail CFD traders are net-long the GER30 contract, which tracks the German DAX equity index, and a contrarian view of crowd sentiment gives us a modestly bearish trading bias. An important caveat is that crowds have recently sold into the past week of DAX gains; total short interest is up 13 percent while long positions have fallen 22 percent.

We maintain a bearish trading bias for the German DAX, but a sustained shift towards retail selling would give reason to take the opposite stance and buy into gains.

See next currency section: S&P - S&P 500 Likely to Hit Further Highs

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

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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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