Today we will take a closer look at the recent movements in the German stock index.
After a very strong week in the Dax including a new all-time high, the market is recovering somewhat today. The Dax is currently down 0.7% at 14,473. Yesterday, the DAX reached a new all-time high of 14,595 points. The closing price yesterday was 14,580 points and 0.3% up.
With the new record highs this trading week, from a technical perspective, the guardrails for the coming trading days have been reset. The first upper price target in the form of 14,500 points was already exceeded at record speed last Wednesday. This means that the Dax is well on its way to fulfilling the annual forecast of the chart technique and sentiment analysis.
From a technical perspective, the next support level is at 14,400 points.