Dax falls to a new low for the year

Dax curve

The leading German index had reached several new record highs in the last stock market year.

(Photo: Bloomberg Creative/Getty Images [M])

Dusseldorf Groundbreaking trading days are imminent on the German stock market. The question at stake is whether the stock market year 2022 will be miserable or at least reasonably decent.

In concrete terms, this means that if the Dax falls below the 13,500 mark for a long time, there is a risk of a longer consolidation phase from a technical point of view, from which the German stock market is unlikely to recover easily.

There is already a first sign of a slide towards 13,500 points today in trading. The Dax slipped almost 200 points to 13,707 points in the first few minutes of trading. The leading index has thus reached a new “war low” and at the same time a new low for the year. This was followed by a recovery, the leading index is currently trading at 13,881.23 points, a minus of 0.2 percent.

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