Analysis: DAX only knows one direction - UP! Can this also be transferred to the DAX?

Analysis: DAX only knows one direction - UP! Can this also be transferred to the DAX?

According to a report by stock3.com, the stock market is currently rising sharply. The US market in particular is experiencing continuous growth. But how will this be transferred to the DAX? The current DAX Index Future is at €15,977.00 (EUREX), while the XETRA DAX closing price is at 15,901.33 points. The DAX recently surpassed the major resistance levels at 15365 and 15645/15660 and reached a daily closing price of 15919 points. The VDAX-NEW price is 13.34 points. The expectation of a higher fluctuation range for the DAX is currently lower than ever. The DAX is expected to hit new monthly highs above 15952 today and may test the 16000 mark. Above 16000, targets of 16011, 16024 and 16062 are mentioned. Should the DAX get stuck at or just below 15950, a further decline is expected, targeting the uptrend from the fall low at 15660. It is also noted that Tuesday is not the best trending day in bullish weeks for the DAX, so pullbacks should also be noted.

It is important to note that on a similar occasion last fall, the DAX rose 23.7%, an increase of 2800 points, before a pullback occurred. A repeat of this scenario would mean that the first significant pullback would only start at 18100, after a rise of 23.7% from the autumn low of 14630 (+3470 points). Although the DAX daily candlestick sequence does not look inviting to buy, a possible further rise in the DAX is being considered due to the strong US market.

Regarding the market, it is expected that continued growth in both the US market and the DAX could lead to a positive market position. A further possible rise in the DAX would also have a global impact on the financial industry, which could tempt investors and traders to adjust their strategies accordingly.

The present analysis therefore suggests that the current upward trend of the DAX could continue for the time being. This could have significant implications for the stock market and the financial industry as a whole.