German DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.
Re-test of the breakdown level. Textbook like setup, will be interesting to see how it goes. But the bet is on the downside.