If you are in a situation where you can use leverage or have the available funds, it could be a great market for you.

Ripple tried to rally during the trading session on Thursday but gave back the gains rather quickly to end up forming a bit of a shooting star. The shooting star sits just below the crucial $0.75 level, and even further below the 50 Day EMA. At this point, the market looks as if it will continue to go lower, especially as Ripple still is operating under the specter of the SEC lawsuit.

When you look at the chart, you can see that the Tuesday candlestick was very neutral, and if we can break down below that level it is likely that we would see the market drop significantly and perhaps even run as low as $0.60. Remember that Ripple is pretty far out on the risk spectrum as it cannot even be used in the United States yet. That being said, if we were to turn around and break out above the 0.75 level at, and perhaps even the 50 Day EMA, we could get a little bit of momentum to the upside.

Looking at this chart, it has obviously been bouncing around in a bit of a consolidation area, with the $0.90 level above being massive resistance, so a break above that level is probably going to continue to be important enough that if it were to be overcome, that might be the signal that Ripple is finally ready to take off for a bigger move. Quite frankly, the market is hanging about in a state of mediocrity as we wait for that lawsuit decision.

The attitude of the market will continue to be one of indecision, but for longer-term investors, Ripple offers the hope of being cleared for use in US banks, and that would be a massive return on investment. As things stand right now, it just has too many questions about its future to make it something that carries a lot of momentum.

Another way you can approach this market is to simply go back and forth, between $0.60 and $0.90, and use it as a trading vessel. A lot of this will come down to whether or not you have leverage available, or a large enough account to make it worth your while. If you are in a situation where you can use leverage or have the available funds, it could be a great market for you.

As the rest of the world is going to slow down, then these exports will slow down, thereby bringing down the value of the companies.

The DAX tried to break above the 50-day EMA but then fell rather significantly to reach support underneath. The 14,300 level has been an area of support previously, and it is likely that we continue to see buyers in this area. That being said, if the market were to break down below the 14,200 level, then we could see a significant breakdown. If that happens, then it is likely that the DAX will go looking to the 14,000 level, possibly even the 13,500 level.

Looking at this chart, it is obvious that the 14,900 level above has been like a brick wall, and now the question will be whether or not we can finally turn around and break above there. It certainly looks as if the market is threatening to go to the downside, so if we were to break down below the support underneath, is likely that we go accelerate to the downside. On the other hand, if we were to turn around and rally to break above the 200-day EMA, it would obviously be a very positive turn of events and could send the DAX much higher.

It is a bit difficult to imagine that the DAX is suddenly going to take off to the upside though because the fact that the Germans just had to take down GDP estimates suggests that we are going to see an underperformance coming out of Germany, and the DAX will probably reflect this. Furthermore, we have concerns about global demand for goods and services as a slowing down of the global economy certainly will weigh upon the exports coming out of Germany. Remember, the DAX is highly levered to exports, as there are so many major conglomerates that make up the bulk of this index.

As the rest of the world is going to slow down, then these exports will slow down, thereby bringing down the value of the companies. I do believe that we have a lot of issues out there that will continue to be negative, and it could work against the value of the index itself. I think that indices around the world are a little overdone, and the DAX looks very likely to follow suit. The ECB may try to bail out indices given enough time, but we are nowhere near that action at the moment.