DAX Forecast: Bounce From Major Support Trendline

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Dax40 Bounces From Major Support Trendline -

, and even if we do get a nice rally from here, that rally is probably short-term, to say the least, because the German economy is essentially a basket case at this point, and it’s likely that we will continue to see a lot of selling pressure due to the fact that the rest of the world is slowing down, and the DAX is full of major exporters.

At this point, they suggest that they are going to do a few minor rate hikes, but the question is whether or not they can do much of that? Ultimately, I’m looking for a bounce that I can start shorting again

 

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