Tuesday, July 02, 2013

13 years DAX monthly

Dax monthly 2013-07-02

DAX failed at the 3rd attempt to break the highs for now. We have a very steep trendline supporting the from 5000 up to 8500. In the coming months I expect another test of the highs, like we saw in the second half of 2007 with support at 7700, but it’s make or imho more likely deep break into next year to the cloud support around 6500.