Thoughts on DAX resilience around 18k
Been watching the DAX fairly closely this week. It's holding up remarkably well above the 18,000 mark, even with some of the broader global uncertainty. I'm seeing it establish what looks like a range, with that 18,000-18,050 area acting as decent support on pullbacks. The question now is whether this is just consolidation before another leg higher, or if it's struggling to push through resistance points that are forming overhead around 18,250.
My take is that a sustained break below 17,980 would invalidate the current bullish structure I'm tracking, potentially opening up a move towards the 17,800 level. Until then, it seems content to bounce around within this tighter range. It's not a clear-cut breakout play just yet, but the resilience is notable.