On3rdFloor

The DAX30 index touches long term resistance

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XETR:DAX   Índice DAX
I believe worth to share.. Just glanced at the DAX 3 month chart.. I saw that the German DAX30 index touches long term resistance that potentially could cause a rejection in the next days followed by a correction ... Today it opened with a gap up, and given de duration of the rally that started March 8th, I think it is time to cool down. Then I think is good to realize that the DAX now reached this importatn line of resistance connecting the tops of 2000, 2015 adn 2018. Of course to be confirmed by a significant red candle.


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