DAX: Will the bear market start today?

Today’s price losses on the DAX bring with them some problems that investors would have liked to avoid. At the bottom of the year?

Image: © Focused / stock.adobe.com

  • DAX

    – Abbreviation: DAX – ISIN: DE0008469008

    Price: 14,182.41 points (XETRA) – at the time of publication of the article

  • DAX- WKN: 846900 – ISIN: DE0008469008 – Price: 14,182.41 pts (XETRA)

Buyers on the DAX would not only like to forget today’s trading day, they would like to write it off altogether. Just under half an hour before the close of trading, the DAX is down around 2.30% and is currently at its lowest point of the day. Within today’s trade, this will pulverize all of the gains from Thursday and Wednesday. This development is all the more disappointing when you consider that yesterday and the day before yesterday prices started straight and unbroken on the hourly chart to a high of nearly 14,600 points. It can go so fast. Easy to win, easy to lose and now the question arises how things will continue on the DAX.

The next few days will be important!

The stakes are high on the DAX right now. The bulls should do everything in their power to defend prices below 13,880 points, because then the risk of further selling increases in the short term. But this is probably the smallest problem for the bulls. Unfortunately, below 13,880 points, it would also increase the risk of the DAX slipping further into a bear market and a new low for the year below 12,400 points would have to be expected in the framework of said bear market. A development that investors certainly do not want to see.

Fortunately, you’re not completely without a chance. To maintain these chances, the bulls should use the 14,175-13,880 price area next week to exert upward pressure again. As part of this, courses should be able to move towards the large resistance zone at 14,610-15,000 points, where a decision on the long side is pending.


Graphical analysis for DAX: will the bear market continue its course from today?

Conclusion: Thanks to today’s price losses, the risk on the DAX is temporarily rising again. However, at the same time, the index is trading again in a short-term support area. Stabilization here is possible, but one should watch Monday’s trading closely. In short, I am cautiously optimistic.

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