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DAX Reaching for 16,000 Again by Month-End?
Looking at the current momentum, especially with some of the recent manufacturing data out of Germany, I'm leaning towards a decent probability that the DAX retests the 16,000 level before the end of the month. We saw some good resilience even with the global chatter, and given the general sentiment, I'd put the odds around 65% for it to tag that resistance. If it gets rejected there again, then we're back to range-bound consolidation, but the path of least resistance feels like it's to the upside for now.
1 comments · 6 points
Interesting take on the DAX. I'm wondering if the recent inflation figures will put a damper on that momentum, or if the market has already priced that in.