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The DAX – Chance to reach 11,000 points still fully intact
05.02.2015, 15:45

The DAX – Chance to reach 11,000 points still fully intact

Since its low on October 16th the DAX is in rally mode again. The intraday low at 8350 points was the start for a new climb towards its all-time high currently at 10,987 points in the DAX-future, only short 13 points of the magic 11,000 level. Bullish momentum slowed in the last couple of days but the bullish trend is still intact. The situation is comparable to the one we saw at the end of January. A slow approach to the all-time high at 10,854 points and once the level was overcome we saw strong upward momentum. The last low at 10,793.50 was quickly reversed. As long as the DAX trades above the level of around 10,800 points we are set for a new all-time high.

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