DAX March 2023

By Neon

Updated

Should be a good decade for DAX after the likely breakout of this multi year range

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Getting there

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This will be very interesting over summer

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Initial sloping down

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Good decline so far, but i think likely the decline gets more complex than i initially envisioned

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What is happening here

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So far exact

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Out of the dreaded red box

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Boom

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DAX tends to make intermediate highs in April

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No stopping this

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Grinding higher as expected

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Most people are confused as to why DAX grinds up while DE economy in in shambles. This is how markets work

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And just on time.... Bloomberg headline today: "German Stocks' Record Run Defies Deepening Economic Gloom". Markets have their own logic. How can you explain otherwise that I had given this path in March 2023!

Anyway, next 6 to 12 months will be more volatile and treacherous

Neon

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