Pashabxl
Short

DAX: A lack fo steam for a proper upside

INDEX:DAX   DAX Stock Index
Timing is a crucial issue when you want to enter or exit the market. It is as well important when you want to trace target.
The long term perspective of DAX             is not being questioned at all. There is still the potential of an upside until 10XXX. However, at the present time, and at least until ECB Annoucement on 4th June, there isn't any material that would steam yet the DAX             on the upside. The range is clear. And therefore, on a short term basis, MA20 and MA50 depending on your trading period may be a nice and confortable support line as a reference, ie 9579 or 9400.
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