Dax curve
View of the Dax curve in the Frankfurt trading hall.
(Photo: dpa)
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Dusseldorf The leading German index went out of trading by almost 1.3 percent and is now trading at 10,696 counts. This enabled the Dax to continue its upward trend on Tuesday.
The German leading index has risen by around 2500 points since mid-March. You can marvel at this rally and believe in a renewed sell-off wave. But the fact is also: According to chart technology, the situation has eased significantly.
According to many technical analysts, the significant price gains in the past few days are more than just a bear market rally, i.e. an intermediate recovery in the intact downward trend, but a sustained upward trend.
