Dusseldorf The speech by US Federal Reserve Chairman Jerome Powell also boosted the German stock market. The Dax fell 0.6 percent in the morning to 14,484 points and is about to continue its rally since the end of September.
Even if the signals for an end to this upward movement of more than 2700 points within eight weeks are increasing, the Dax chart shows a different development in the short term.
With the daily high of 14,563 points on Thursday, the leading German index was about to mark a new high for the rally, which is 14,571 points. After that, the next point of contact would be the 14,709 point mark, the high for the stock market month of June. And above that, according to chart technology, is the groundbreaking area around the 15,000 mark, probably the biggest hurdle on the way up.
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