The major European indices are ending the day with solid gains. Looking at the closing levels:
- German DAX, +1.58%
- France’s CAC, +1.59%
- UK’s FTSE 100 +0.64%
- Spain’s Ibex, +1.79%
- Italy’s FTSE MIB, +2.0%
Looking at the daily chart of the German DAX, the high price today reached 13020.45. That was about 6 points shy of the falling 100 day MA. It will take a move above that MA level to increase the bullish bias for the index.
German Dax tests 100 day MA
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