Dax - Still Long Despite Another Pullback

We still see the Dax moving higher and surpassing all time highs reaching our target level of $14,000 despite another pullback yesterday due to the increased spread of the coronavirus. We are encouraged that the index has rebounded from session lows below 13,600 but are weary of sharp drop towards long term support at 13,173 if there is a sell off due to heightened fears surrounding the spread of the coronavirus and the subsequent impact on the global economy.