Review:
Yesterday, the index held comparatively stable after the setback in the morning, then today a first important support level was reached with the SMA100 in the hourly chart, which has also held for now.
Outlook:
At the start of the new trading month, the buyers must first of all be on their minds again in the short term – as long as the SMA100 in the hourly chart vei currently 14,380 points is not undercut, the path of least resistance in the short term is once again northward into the range 14,500 to 14,600 points. More should not be possible for buyers for the time being – in this zone, technically conditioned selling interest can already be expected again. Possibly, the mentioned zone offers a medium-term short entry, the recent recovery should sooner or later turn out to be a bear market rally.
