(CercleFinance.com) – After 9 weeks of rise and after +23% recovery (a record), the DAX40 marks a ceiling below 14,600 (ex-zenith of June 6) but does not start a pullback for all that: the index remains above the level of 14.225, ex-zenith of November 11 and ex-low of 16/11.
A small double-top is forming below 14.570 then 14.585 on 11/24 and 12/2 and this could lead to a rapid return towards 13.600.
But everything will probably be done to keep the DAX in levitation until Friday December 16th (‘4 witches’).
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