Levels 13/Dec/13 DAX/ES

Observations

ES still struggling with Gap and VPOC from Wed down day:

es_footprint_backtest

Did not re-test lower balance (1760/65) on continuation down day yesterday and all 10 handle pullbacks were bought.

es_composite_long_term_plain

DAX low volume today – had above avg yesterday. It still seems like traders are grabbing small profits when they present themselves and consequently price is reversing quickly.

Intraday holding above yesterdays vpoc and cash gap is key:

DAX_Intraday

Long term this is the MCPOC from the last balance in this area. DAX has been a leader so reaction here is a key signal for a turn.

DAX_longterm

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