It does not look good for DAX since it broke the trendline from 2009 on the linear scale. (on log scale it was broken earlier). It was a terrible year for DAX investors since it fell from its ATH @13577 to 10719 (8th Dec). Now its officially more than 20% this year, and the sentiment is very bearish. Only 6 companies from DAX are still in (+) this year.
Technicals: - The main trendline since 2009 was broken on both scales (log / lin). - The targets for Fib-retracements are: 10577 and 8700. - Support lines around 10080 and 8150 (from Jan 2008). - On the short-term scale its quite oversold (oscillators) and a bounce can be expected to the upside retracement or trendline.
Main events on the globally interconnected markets: - Interest rate politics in US and Europe - Trade war and uncertainty make a serious damage - Brexit - Tensions between Russia and Ukraine - Power is slowly shifting in Germany - Escalation of protests in France
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