Also at the risk of repeating ourselves: The average of the last 50 days together with the upper limitation of the latest flag (act. At 23,788 or 23,863 points) continues to be a short -term key stop zone. As long as the DAX® can defend this bastion, the positive implications remain from the trend-confirming flag and the two “V-formations”. Even the smaller of the two patterns in perspective have a price target in the range of 26,500 points. In the short term, on the other hand, it is initially important to close the course gap of July 11 at 24,369/24,451 points. Then the previous all -time high at 24,639 points is back onto the agenda. At least a friendly start of trade should succeed in the DAX® today. Finally, a look at the stock market mood. According to the latest sentimental survey by the American Association of Individual Investors (AAII), bulls (39.3 %) and bears (39.0 %) are almost weighed among the US private investors. Both percentages are significantly higher than the historical comparison values – the proportion of neutral is correspondingly low. Investors currently have a clear opinion – in both directions.
DAX® (Daily)
Source: LSEG, Tradesignal² / 5-year-old in the appendix
5-year-chart DAX®
Source: LSEG, Tradesignal²
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