The German stock exchange is one of the most active exchanges in the European region.
The DAX futures being traded in various forms that include the standard futures contract and the mini-sized DAX futures.
There seems to be a very high percentage correlations between the DAX and the leading US stock Indices.
The DAX Index is very responsive to the European Central Bank or ECB policies.
Any important events in any of the peripheral countries in the Eurozone are bound to impact the performance of the DAX.
The next ECB monetary meeting is taking place this Thursday (Jan 21).
As you can see on the chart the Index is trading off its last high.
We gave a sell signal and went short the DAX at 13890 with a buy stop at 14095.
Projected downside target is 12920.
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