The DAX® starts trading this morning with a smaller gap in the price that has not yet been closed. The index is bobbing around the 13,900 level after the weaker opening.
The Biden package is now out and there could be a “sell the fact” scenario in the coming hours and days. The arrows in the hourly chart are unchanged from yesterday, the statement is unchanged: “The bears have not yet made any decisive land gains, but the bulls have not made a decisive breakthrough either. The mark of 14,050 points (hourly closing) remains the decisive mark for me – only above this level one must reckon with new all-time highs, below that a setback towards 13,800 points, possibly even 13,500 / 600 points, has to be expected. “
Have a nice weekend to all readers!
DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)
Observation period: December 18, 2020 – January 15, 2021. Historical considerations are not reliable indicators of future developments. Source: Guidants.com
DAX® in points monthly chart; 1 candle = 1 month (logical candle chart display)
Observation period: 01/01/2016 – 01/15/2021. Historical considerations are not reliable indicators of future developments. Source: Guidants.com
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The article DAX – is there any pressure now? first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Henry Philippson
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