DAX Technicals

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European stock market indices are rebounding today. Technically, the main stock market in Europe returned back to its former trend channel. The fact leaves some hope for a further rebound as nervousness on global equities starts to fade. It's worth noting that 9315 served as an important support line.

In terms of volume bulls must have absorbed a really big portion of sold stocks.


Source: Bloomberg
The same happened for DAX Sep15 futures. Today in the afternoon data concerning open interest will be released and this will be an important hint for investors to get some reckoning on positioning on the market.

 Source: Bloomberg
The basis scenario for today is further rise unless China contributes to another wave of risk aversion.