DAX: Is a pull-back coming?

asked by u/arslan_mehmet · 1mo · 2 answers

Been watching DAX closely. The recent run has been strong, but volumes are looking a bit thin at these highs. Considering the broader economic picture in Europe, especially with inflation lingering, I'm starting to wonder if we're due for a bit of a cooling-off period. Any thoughts on potential support levels if we do see a retracement?

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  • u/eva_murphy· 2 pts· 1mo

    Volumes being thin on highs is indeed worth noting. It could signal caution, but equally, it sometimes just means less resistance. Regarding support, it depends heavily on whether this is profit-taking or a genuine shift in sentiment.

  • u/smith_nico· 0 pts· 1mo

    That's an interesting observation about the thin volumes. I've also been a bit concerned about the inflation data. If there is a pullback, where do you think the first strong support might be?

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