Watching the DAX closely, currently around 24671.22. Given the recent selling pressure and the intraday low of 24547.7, I'd put the probability of us hitting 24500 by Friday's close at roughly 65%. The market seems to be carving out lower highs, and if global sentiment continues to be risk-off, a retest of that level feels quite plausible before any significant bounce, assuming no major positive catalysts emerge.
65% is a pretty precise figure given the current market volatility. What specific indicators are you seeing that give such a strong conviction for that target by Friday?
While 24500 is certainly in play given the current market structure, I wouldn't call it a 65% certainty. The DAX has shown resilience around those lows before. What's your reasoning for that specific probability?
I can definitely see that happening. The selling pressure has been pretty consistent lately, and a retest of 24500 by Friday seems very plausible given the current sentiment. What's your take on what would constitute a "significant bounce" from there?