(31 JANUARY 2019)DAX:Key resistance at 11216.00.

Pivot (invalidation): 11216.00

Our preference

Short positions below 11216.00 with targets at 11074.00 & 10995.00 in extension.

Alternative scenario

Above 11216.00 look for further upside with 11280.00 & 11340.00 as targets.

Comment

As Long as 11216.00 is resistance, look for choppy price action with a bearish bias. Prices

need to push above 11216 to invalidate the intraday bearish bias.

(By Swissquote TRADING CENTRAL)