DAX 18,000 Revisit by Month-End?

asked by u/liam86 · 2d · 3 answers

Considering the current choppy price action on the DAX, and recent statements from the ECB indicating a potential pause in aggressive rate hikes, I'm leaning towards a retest of the 18,000 level by the end of May. The underlying economic data out of Germany isn't exactly screaming for a strong breakout to the upside just yet, and we still have some inflation figures looming. I'd put the probability of hitting 18,000 again somewhere around 60%, assuming no major external shocks.

While we're seeing some attempts to push higher, the momentum feels somewhat muted. The resistance around the 18,200-18,300 zone has proven sticky, and without a significant catalyst, a retracement to find demand again at 18,000 or slightly below seems plausible before any sustained move higher. It's more of a consolidation scenario than a clear directional trend at this point.

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Top answers

  • u/carmen52· 4 pts· 2d

    Considering the DAX's recent affinity for making me question my life choices, 18,000 by month-end certainly sounds like a plausible scenario for maximum investor exasperation. We're either due for a breakout or another exquisite display of market indecision.

  • u/kittipongthongchai· 3 pts· 2d

    เดือนนี้เดือนอะไรนะ? สภาพตลาดแบบนี้ จะถึง 18,000 หรือถึง 17,000 ก่อนดีล่ะครับเนี่ย

  • u/chart_chai_th· 1 pts· 2d

    I'm with you on the choppy action. While 18k is plausible, I'm concerned about how much of the ECB pause is already priced in. Could see a fade after any initial pop.

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