At yesterday’s close at around 15090 points, the Dax index closed with a slight loss compared to last Monday. So far today, the index moved even further down by 0.3%. The medium-term upward trend since the beginning of December was thus interrupted for the time being.
A short-term horizontal support has been established in the area around 14900 points, while the next important resistance is located in the area of 15270 points.
After the correction on 19.01. the support at 15040 was successfully broken and the price could go back to the next support at 14835 points. Otherwise, a more bullish market situation would be expected with a rise above 15100 and rises above 15200 could follow again.