Today we will take a closer look at the roller coaster ride the DAX has been on over the past few days.
After a few weak days in the DAX, the German benchmark index was able to recover significantly today. The American Dow Jones stock index was able to break through the 32,000 mark for the first time today. The good mood on Wall Street also spilled over to us: The DAX ended its weak phase and closed up again for the first time this week at almost 14,000 points.
The fact that the German economy grew more strongly than initially assumed in the fourth quarter of 2020 despite renewed Corona restrictions also had a supporting effect. GDP in the eurozone’s largest economy rose by 0.3%, after growth of only 0.1% had previously been reported.
The next strong resistance for the DAX is at 14080. On the downside, the next supports are at 14000 and 13880.