zup

DAX is loosing momentum and is ready for an correction

XETR:DAX   DAX Index
XETR:DAX was rejected at the "corona gap" 13200 and now broke the uptrend-line. If the support that resulted from the previous outbreak (20.07.2020) does not last here (intraday it has been broken), there is a possibility that the next supports will be touched soon.
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Targets at 12.200, 11.600 an 11.200 €
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What’s your DAX forecast for the upcoming week?
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zup s6ufyan
@s6ufyan, i think there is a little upside potential (but its technically limited and there is no economic stimulus) - so the correction will continue. Next week we will see the index at MA200 level, this will be interesting
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