DailyMarketUpdate

Classic wave 4️⃣ action!

EUREX:FDAX1!   DAX FUTURES
The DAX opens Wednesday's trading session flat, while concerns about the coronavirus pandemic and its impact on the economy continue to dominate among investors. U.S. President Donald Trump had instructed the government and his party the evening before to refrain from negotiating with the Democrats on further aid measures to deal with the virus crisis until after the election.

In both scenarios we are assuming a further imminent upward movement in the direction of 13,000 points, but at 40% we still have to take into account that the market will slump again afterwards. As long as the DAX is trading below 13304 points, the underlying downward scenario remains valid. Direction: 11500 - 10500 points.

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