Quote from JSSPMK:
Alexandre, the way I calculate ranges where divergence might be taking price to & if looking at the monthly slant divergence, which is not that reliable for calculating retracement zones, DAX index is to head towards 4000 area, is that nuts from a fundamental point to expect it to get there? Opinions![]()
After yesterdays ECB comments I wouldn´t rule out any outcome. So far, German exporters are expecting a slow down in activity relating to stronger EUR, but backlog of orders seem still pretty robust as German mid sized companies are still adding workforce...I don´t think from this perspective to see DAX this year at 4000....given the expectation that FED will lower rates odds are more then unlikely...