BradtNom

DAX index daily

Long
XETR:DAX   DAX Index
The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.It's 1000 billion Euro market, and soon the index will be expanded to include 40 majors. Since the pandemic the DAX has risen sharply, to highs above 14,000, but can't seem to sustain levels above as yet. The RSI on the daily is currently below 50. The lower trendline is broken. The 50-day MA (redline) has also been broken to the downside These conditions could indicate a slight pause in the otherwise bullish trend. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.

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