The DAX bounced off of the €9900 region in order to have a fairly
positive looking week. However, it is obvious that the 10,000 level is
still going to offer a bit of resistance, and as a result we need to see
a weekly close above that level, as it would finally give us the
confirmation that the market is going to take the next leg higher. There
is massive support down at €9800, and we are most certainly in an
uptrend. Because of this, we are “long only” of this particular market.
