Trump walls

Bollinger Band brakes

 

"Cooperation", "Compromises", "Healing wounds": In his State of the Union address, the US President calls for unity with the Democrats. He calls again for a wall on the border with Mexico - and an end to the "ridiculous investigations". Well cushioned down, capped to the top. As a result, the current technical chart situation in the DAX 30 can still be outlined today. The 10,387 still work as sustainable soil formation. This prevented another sale at the beginning of the year and provided a gratifying January rally. The Upper Bollinger Band is slowing down the short-term upward movement that had once again flared up yesterday. Currently, it tends to 11,394 counters. Since 25.01.19, a small downtrend has also developed. Should the DAX 30 now show medium-term weakness again, then even a "gap-closing" at 10,929 could be the topic again. The market technology is still surprisingly neutral. Neither trend followers nor short-term indicators deviate from their neutral indication. On closer inspection, the candlesticks will fit into this picture. A relatively large number of "dojis" within a short time also testify to a wait-and-see, but slightly downward-pointing chart technique. From a fundamental point of view, today's German new orders have been published clearly negatively. This day will therefore again bring deductions in the DAX 30 with it. Caution is therefore still appropriate. The resistance at the level of the Upper Bollinger Band seems to be manifest until further notice. Leave stops (!).

 

 

Downtrend (since June 2018) continues

Short-term gap closing at 10,929 quite possible

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