UPDATE: Text book W Formation for DE40 heading to target 25,113Since the last update, the Germany 40 index has been moving like a champ.
There is no slowing momentum, and it seems like there is more push to come.
We also have further reasons for the rally:
🤝 Easing Global Trade Tensions Boost Investor Confidence
The recent 90-day suspension and significant reduction of tariffs between the U.S. and China have alleviated fears of a prolonged trade war, leading to a global market rally that propelled the DAX to new heights.
🏗️ Germany’s Fiscal Stimulus Spurs Economic Optimism
The German government's increased spending on defense and infrastructure has invigorated domestic industries, contributing to the DAX's upward momentum.
💻 Tech Sector Performance Drives Market Gains
German tech giants, notably SAP, have experienced substantial growth due to strategic shifts towards AI and cloud services, significantly influencing the DAX's performance.
So we can just let this play out until it hits the first target at 25,113.
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