After DAX lose support in 9900 area , DAX going futher down yesterday to 9800. Today we see DAX at next support area 9711 (Top in in Feb, Mar and April) . 9700 is important zone. If broke this zone there is more space for futher downtrend to 9400 ( break trendline). Next important area are 9600 and 9500.
Sometimes it's good to take a bigger look. At the 1W view we see still an uptrend from 2011. But MACD is showing divergence. This was also in 2008 and 2011 before a crash. Higher DAX lower MACD at second top. Fibo's showing 10012 level for an importend level from the 2008 crash. Important levels to watch. 9917 : first support line ( today) . Break this level...
On a purely ch artist approach, putting aside the political agenda, many indicators shows that DAX is about to change momentarily its trend to Bear. MA 16-50-100 are an important set of signals. STOCH as well. MACD will be the confirming signal, and to real move may start when, RSI is bellow 50. There may be a rebound to 9690-9750 but the overall pictures show...