DAX: Watching 18,200 retest
DAX futures are showing some interesting structure around the 18,200 level. It was a prior support zone that got breached on the recent dip. Now it's looking like a potential resistance retest. A clear rejection here, especially if we see some volume come in on the down move, could signal further downside pressure with the next major support around 17,800.
Conversely, a sustained break and hold above 18,250 would invalidate that bearish scenario for me, suggesting the sellers couldn't maintain control and we might be looking at a push back towards 18,500. Not making any moves myself yet, just observing how price interacts with this key area.
I'm seeing similar price action. The volume on any move through 18,200 will be key to confirm whether it's a genuine breakout or just a quick probe before a continuation of the downtrend.