From the 11,800 to the 12,500

Quarterly report season in focus today

 

The pleasing trade talks between China and the US are currently supporting the German benchmark index. Even the provisional all-clear in terms of unregulated Brexit relieved. Positive sentiment from the US stock exchanges and from Asia hover the DAX 30 again today over the 12,000. The focus is again on the US corporate results. Goldman Sachs and Citigroup will present their numbers at the start of the week. From a fundamental perspective, the focus of investors is the Empire State Manufacturing Index. The German leading index has clearly left important SKS neckline at 11,800 points. This brand is the linchpin. The 12,000 are more psychological. Nonetheless, they are a "magic number." All in all, the DAX continues to be in the up mode, albeit with the utmost clarity. This positive trend can now carry him up to 12,500 meters. At this point, we have often pointed to this mark. The market technical indicators are neutral. Striking is the recent interaction of slow stochastics with holding lower uptrend line. Charting technology and market technology indicate that the stabilization can certainly lead to an increase of 12,500 points. The Upper Bollinger Band creates short-term place until 12.182. All in all, the DAX is likely to head for this brand today. It can still be something with the 12,500 If not dynamic, but slow and sustainable. "The Trend is always your friend" ...

 

 

Trend return successful & defended

Focus gen 12.182 (Upper Bollinger Band)

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