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DAX 25k by month-end? My take.
Been watching the $DAX closely this week. While it pulled back a bit today to 24795, the general sentiment still feels like there's an underlying bid. We saw a push towards 25040.4 earlier, which indicates a willingness to test those higher levels. The key will be whether it can close above that 25k psychological barrier convincingly. I'd put the odds of seeing the DAX trade above 25,000 before May 31st at around 60%. It's not a slam dunk, given the current macro uncertainties, but the prior consolidation and the recent attempts suggest a potential breakout if catalysts align. Failure to hold 24700 on a daily close would definitely shift those probabilities, though.
3 comments · 1 points
I'm with you on the underlying bid, but I wonder if the recent push towards 25k might have exhausted some of that upward momentum. Do you see enough fresh catalysts to break and hold that level, or is a retest of lower support more likely first?