Review:
After a lethargic trading session, the bulls took command yesterday and temporarily lifted the index back into the 13,200-point range. However, after weaker purchasing managers’ indices from France, Germany and the euro zone, it already went back below the 13,000 mark this morning.
Outlook:
After the new movement lows this morning and the subsequent dynamic recovery of over 100 points, the chances – despite really bad news – are not bad for a major bounce back to the 13,200 to 13,300 points range, but for this the index must first establish itself above 13,050 points. If this succeeds, there would be little in the way of a major recovery.
