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CHby u/chrislee·2hAnalysis

DAX Reaching for 18,500 by Month-End?

Been watching the DAX fairly closely and I'm leaning towards a decent shot at it hitting 18,500 before month-end, maybe a 60% probability in my book. The underlying sentiment seems to be holding up reasonably well, even with the usual noise. We've seen some resilience on dips, and while there's always a risk of external shocks, I'm not seeing immediate major headwinds that would derail that push. If anything, the market seems to be pricing in a relatively stable, if not overly exciting, economic outlook for the region. The $USDTHB trade, for example, is reflecting some broader currency stability, which indirectly feeds into overall market confidence, albeit on the periphery for European equities. My reasoning is largely technical, combined with a read on the general 'risk-on' vibe that hasn't completely faded. Of course, a sudden shift in ECB rhetoric or an unexpected geopolitical event could easily flip that script, but barring those, the path of least resistance still looks to be higher for now.

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