Is the $DAX move legitimate or just a relief bounce?
asked by u/kittipongsangthong · 3d · 0 answers
Watching the $DAX climb to 25500.5 today, up nearly 1.8%, it's hard not to wonder if this is genuine underlying strength or simply a significant relief rally after a few weeks of choppy action. The range has been quite wide, from 24965.4 to 25665 today, which usually suggests a bit of indecision even within an uptrend. I'm leaning towards a strong counter-trend move rather than a new leg up, especially given the broader macro concerns. Change my mind.