DAX Forecast November 4, 2015, Technical Analysis
The DAX went back and forth during the course of the session on Tuesday, but found enough support at the €10,900 level to essentially form a bit of a hammer. We are just below the €11,000 level, which of course is psychological resistance. If we get above there, the market should continue to go much higher as the market looks so healthy at the moment. The €10,500 level below continue to be essentially the “floor” in this marketplace. We believe pullbacks continue to offer value in a market that will eventually break out to the upside.