Dax daily chart, January 11, 2016
Dax daily chart, January 11, 2016

DAX Forecast January 11, 2017, Technical Analysis

7 months agoByChristopher Lewis

The German index rallied a bit on Tuesday, as the €11,500 level continues to be supportive. The meantime, I’m a buyer on short-term dips and I recognize that short-term trading is about as good as it gets in the DAX. Given enough time, I do believe that we break above the reason resistance and continue towards the €12,000 level. That’s my longer-term strategy, buying dips and simply hanging on if we can break out. Support runs all the way down to the €11,400 level, so selling isn’t even a thought currently as this market looks like it’s ready to continue the longer-term trend given enough patience.

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