Short with some small upward potential
Why do I think it's not over yet:
- Bullish runs are normal in a bearish market (and we're definitely in one). The run was largely based on good news from the US - I don't think this will last.
- Below the 0.236 retracement there is strong resistance (below 10820 points) from mid-2016. The DAX will likely bounce off it and people will take some profits next week.
- Target for the week - below 10500 points, with some support around 10465
- Bullish runs are normal in a bearish market (and we're definitely in one). The run was largely based on good news from the US - I don't think this will last.
- Below the 0.236 retracement there is strong resistance (below 10820 points) from mid-2016. The DAX will likely bounce off it and people will take some profits next week.
- Target for the week - below 10500 points, with some support around 10465
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