The DAX situation - 25.02.19

Following the good run since the start of the year, the German Index (DAX) is now facing an interesting resistance point.

The most probable scenario is that the price will start pulling back now and hence going SHORT might be the wisest move. RSI is closely reaching an overbought position.

Having said that however, although less probable, should the resistance line be broken, there is no way to tell where the price might go up to.

What are your thoughts on this? How are you positioned?

 

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