DAX June futures sideways as expected – we wrote: Shorts at 12400/430 target 12290/260 with first support at 12140/100.DAX key resistance at 12400/430 of course (September 12390/420). Shorts need stops above 12460 (September 12440). A break higher is a buy signal targeting 12500/510 & 12620/650, perhaps as far as 12750/770.A break lower targets a buying opportunity at 11900/860 (September 11880/850) with stops below 11800 (September 11780). The weekly outlook is positive. The daily outlook is neutral. Short Term outlook is neutral.