DAX broke the trendline from 2009

It does not look good for DAX since it broke the trendline from 2009 on the linear scale. (on log scale it was broken earlier).
It was a terrible year for DAX investors since it fell from its ATH @13577 to 10719 (8th Dec). Now its officially more than 20% this year, and the sentiment is very bearish . Only 6 companies from DAX are still in (+) this year.

- The main trendline since 2009 was broken on both scales (log / lin).
- The targets for Fib-retracements are: 10577 and 8700.
- Support lines around 10080 and 8150 (from Jan 2008).
- On the short-term scale its quite oversold (oscillators) and a bounce can be expected to the upside retracement or trendline.

Main events on the globally interconnected markets:
- Interest rate politics in US and Europe
- Trade war and uncertainty make a serious damage
- Brexit
- Tensions between Russia and Ukraine
- Power is slowly shifting in Germany
- Escalation of protests in France


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