（31 MAY 2019)DAX:The downside prevails.

Pivot (invalidation): 11960.00

Our preference

Short positions below 11960.00 with targets at 11829.00 & 11780.00 in extension.

Alternative scenario

Above 11960.00 look for further upside with 12030.00 & 12110.00 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)