DAX - We're getting close to Sell in May and Go...
It's still to early to call the top on this market, as there is this thing like a magnet working toward the all time highs, similar to the S&P.
However, there is room to test support and close some gaps.
I also believe that if this upside breakout from the Jan-Mar range fails, the price will try to test and break the 7500 area, and we'll be better short from this levels (8000s) to deal with the volatility from a downside break at that time.
However, there is room to test support and close some gaps.
I also believe that if this upside breakout from the Jan-Mar range fails, the price will try to test and break the 7500 area, and we'll be better short from this levels (8000s) to deal with the volatility from a downside break at that time.
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.