DAX: It is rather a correction then a change of trend
FOMC result bellow expectation and the 5 years Bunds that is bellow expectation as well has been used by the market makers as a legitimate opportunity to sell some profit.
Hence, ECB's QE is continuing, and the Greek debt is being contained. So at least until the end of May, there it doesn't look as is there was a sign of reversal. I think that sale in may come back in September may be of a meaning this year.
For the time being, until 11225 there is nothing to worry, bellow, we have to watch the amount, and the power of the fall that may then break 10848 but there isn't yet any kind of such a sign. On the upside, 11570 would confirm that it was just a correction and that the long trend remain. Let's wait and see
Hence, ECB's QE is continuing, and the Greek debt is being contained. So at least until the end of May, there it doesn't look as is there was a sign of reversal. I think that sale in may come back in September may be of a meaning this year.
For the time being, until 11225 there is nothing to worry, bellow, we have to watch the amount, and the power of the fall that may then break 10848 but there isn't yet any kind of such a sign. On the upside, 11570 would confirm that it was just a correction and that the long trend remain. Let's wait and see
