GER30 DAX Going down
The DAX has failed to push through the 10800 and is now slipping back to the strong April 2015 trendline.
With all the potential troubles in the markets, from DB and other bank problems, to the US elections to currencies troubles, possible US rate hike and the possible end of QE policy of the ECB, I dont see the DAX pushing above 10800 anytime soon.
It is more likely we will move back to the April '15 trendline, and eventually it will break below, wich leads the way open to go below 10.000 points again.
With all the potential troubles in the markets, from DB and other bank problems, to the US elections to currencies troubles, possible US rate hike and the possible end of QE policy of the ECB, I dont see the DAX pushing above 10800 anytime soon.
It is more likely we will move back to the April '15 trendline, and eventually it will break below, wich leads the way open to go below 10.000 points again.
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