The Dax currently remains in a downtrend and, after testing the downtrend line several times, has fallen over 1.5% again in recent days. Currently, it is moving towards 12400 points, where the next support is located.
The reason for the negative share price figures could be the significantly worse than expected economic expectations of the ZEW for the second half of the year. These were published on Tuesday. In addition, the US inflation published yesterday, which was higher than expected at 9.1%, could still have a negative impact on the German, but also the entire European stock market.
Right now, it remains to be seen how the price behaves at the 12400-point support. Should this be broken, I expect a further price decline towards 11500 points, where a strong support is located, which was last successfully tested in October 2020.
Otherwise, the price could rise again and test the downtrend line again. If this does not hold this time, I expect new rises after reaching the 12800 mark.