The German DAX index traded higher the last few days, breaking above the downside resistance line drawn from the high of January 5th. The advance was stopped yesterday near the 14600 zone, marked by the high of April 21st, but with the index staying above that prior downside line. Thus, as long as this is the case, we will consider the short-term outlook to be cautiously positive.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.