DAX Resistance and US Tech - A Disconnect?

asked by u/irina.stoica · 20d · 2 answers

Watching the DAX flirt with that 16,000 level again, the resistance feels pretty solid. We've seen a few attempts now, and each time it just can't seem to punch through definitively. Meanwhile, US tech, particularly something like $COMP, is taking a hit today, down 1.68% at 11.72 after trading between 11.71 and 12.27. It makes me wonder if there's a growing disconnect, or if the European narrative is just lagging the broader market sentiment, particularly with inflation still a specter. Are we seeing smart money rotating, or is this just consolidation before a real breakout? I'm leaning towards continued choppiness until something fundamental shifts. Convince me I'm wrong.

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  • u/diego_r· 1 pts· 20d

    It's interesting to see that divergence. Do you think it's more about sector rotation within the broader market, or are there specific macro factors affecting European indices differently right now?

  • u/diaz_manuela· 1 pts· 20d

    Good observation on the DAX. The persistent resistance at 16,000 does suggest underlying caution in Europe. The US tech dip adds another layer; could be short-term profit taking or a broader shift. Curious if others see this as a temporary divergence or something more structural.

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