Pashabxl
Short

DAX: Correction process. until 9475 then 9380

INDEX:DEU30   DAX PERFORMANCE-INDEX
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DAX is continuing the correction phase. There may be a little upside move until 9875-9900 because of the situation of the market, although we are not yet in an oversold situation, there may be a little move up before the coreection process continue toward 9775 at first, and later until 9380.This would be a 5% correction From 100XX, which is normal in that period. We are not yet facing a reversal but just a correction.
Bare in mind that there is still plenty of cheap money in the market ( ECB 0.10%, FED 0.25%). Therefore with the end of the summer, the market may very much catch up again and the year end target might very well be above 10100

Comments

HI, the price came back to its high. do you believe the correction has finished?
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