Dax Outlook Week 20

Markus Posted on May 21, 2013 Posted in Market Comments Tagged with Dax Outlook, Technical Analysis

In the past weeks the Dax rose massively touching a high at 8’455 today.

The MACD is bullish but decreasing, the RSI is oversold and the VDAX fell to 15.07.

After the massive rise a correction seems likely. Therefore the Dax could touch the 8’500 and then fall back towards 8’300.

20130521_dax