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DAX at a crossroads – 18,300 is holding… for now
Watching the DAX with some interest this morning. It's respecting that 18,300 level again, almost teasing us after Friday's close. If it can clear and hold above 18,350 decisively, we could see a push towards 18,500, but a clean break below 18,250 would really sour the mood and suggest a deeper correction is on the cards. My money's on further chop, but I’ve been wrong before – usually when I’m most confident.
1 comments · 6 points
Agree on the chop. That 18,300 level has been a magnet. I'm leaning more towards a break down than up without a significant catalyst to push it higher. What makes you think 18,500 is in play?