DAX to soon re-enter Blue sky. Weekly momentum remains bullish increasing, however at a reducing rat

The DAX is soon to re-enter Blue sky for the first time since late-1Q15. Local TL's don't have too much influence on price since the BO above the 11800 - 11920 S/R area. The next area to offer resistance is 12220, then followed by ATH 12391. Weekly momentum remains bullish increasing.

The MACD formed a bullish up-cross back in early-2Q16, with further expansions during early-3Q16 and late-4Q16. Continues to be bullish increasing however at a reducing rate. Stochastic formed bullish higher-low's back in early-2Q16 all but becoming oversold. Recently formed bearish lower-high's inside the bullish continuation region. Been becoming less bullish increasing over the past several weeks.

#DAX