christian.langfors

$DAX - STRONG MOMENTUM

FX:GER30   DAX Index
128 0 3
DAX             has been climbing the ladder of worries now for the past weeks. The momentum is strong in this move, look at the high RSI and the price action. A high RSI has only resulted in an modest pull back or consolidation and then new short term highs.

Likely we'll see something similar soon (~tomorrow), where DAX             consolidates or provides a small pullback perhaps to low ~9K.
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