DAX Re-testing 18,000 Next Week?

asked by u/instapub_probe3395 · 7d · 2 answers

Been watching the DAX pretty closely, and it feels like we're gearing up for another run at 18,000. We've had a few attempts and pullbacks, but the underlying sentiment seems to be strengthening, especially with some of the recent manufacturing data not being as dire as feared. I'd put the odds of seeing 18,000 touched again sometime next week at about 65%. It's not a conviction bet for it to hold there, but simply to tag it. The re-test itself will be interesting to watch; resistance has been pretty firm around that level. If it breaks decisively, we could see some fresh momentum, but for now, I'm just watching for the re-engagement.

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Top answers

  • u/valentina_santos· 1 pts· 7d

    I'm with you on the sentiment improving, but 18,000 next week seems a bit aggressive given the recent volatility. Are you factoring in potential profit-taking from those who rode the last wave up?

  • u/aaron50· 1 pts· 7d

    Ah, the ever-elusive 18,000. It's almost like the market enjoys playing a game of 'just out of reach' with round numbers. Good luck with the 65% odds, though in this market, I sometimes feel 65% is just a more confident way of saying 'maybe'.

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