Dax is facing a “bottleneck” – Successful professionals are becoming more cautious

Dusseldorf After the significant gains of the previous day, the Dax is now facing a test: it faces a number of barriers that must be overcome from now on – possibly already in trading this Thursday. The leading index can only partially maintain its initial gains of 0.8 percent and the daily high of 15,614 points in the morning. It is still 0.3 percent higher at 15,528 points. On Wednesday, the Dax had gained 1.6 percent or 240 points.

The important decision as to whether the leading German index can end its downward trend since the beginning of the year depends on whether it can sustainably leave the area between 15,616 and 15,668 points. All three important average lines are noted there, which reflect the short, medium and long-term trend – from the 38 to the 100 to the 200-day line. For a breakout to the upside, these three lines would have to be sustainably exceeded.