Xander3

DAX reaches top - for now

Short
INDEX:DEU40   DAX PERFORMANCE-INDEX
dax
Actually I'm waiting for a first negative signal. The bars still show an uptrend but we are testing a trend line from 2011-2014-now (7500-9800-10600). On the down side there is a second trend line also from 2011-2014 (5500-8500).

With these volatile markets caused by a high uncertainty (economic performance, Oil , Russia/Ukraine, QE , EUR/USD , Greece) it's likely that upper and lower ends of a trend are being tested.

As we are testing the upper side of the trend (with a very small upwards potential) next stop for the DAX will be at 9800 in early February declining further to 9000 in mid February (edit: not sure about the 9000). And going up again to reach 11000 in June (but this should not be taken too seriously).

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