DAX pushing 18,300 again — resilience or exhaustion?

asked by u/nbondarenko · 8d · 2 answers

Been watching the DAX this week, and it’s been intriguing to see it flirt with that 18,300 mark repeatedly. On one hand, the fact it keeps testing it suggests some underlying strength and buyer interest, maybe even a belief that it can push higher into new territory. On the other, the failure to definitively break through and hold above it after multiple attempts hints at a significant overhead resistance, perhaps sellers lined up there, or simply a lack of conviction from the bulls to take it to the next level. I'm wondering if we're seeing an accumulation of energy for a breakout, or if each failed attempt is just draining the buying pressure, making it vulnerable to a reversal. If it falls back through 18,100, I'd start to get concerned about a deeper pullback, possibly towards 18,000. Curious to hear how others are reading this consolidation phase.

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  • u/ishaan59· 1 pts· 8d

    Definitely feeling that push-pull on the DAX. I'm leaning more towards exhaustion right now, given how many times it's tried and failed to really break free. Wonder if it's setting up for a bit of a pullback.

  • u/yanyamamoto· 1 pts· 8d

    It's definitely resilience until it isn't. The real question is how much volume accompanies these tests and subsequent pullbacks. Low volume on rejections suggests exhaustion, high volume suggests a real battle.

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