- The MACD line is significantly above the MACD signal line
The DAX is on a 10 day bullish run gaining 1,104 points (8.65%). It was more of the same for the DAX today — the DAX moves up 0.23% to close at 14,266 today.
The index has been trending positively for about a month. Having set a significant high of 16,272 2 months ago, the DAX is trading 92,200% lower.
Concerning technical analysis and more specifically, trend indicators, the MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control.
Notwithstanding the DAX's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Fundamental indicators – Euro Zone Consumer Price Index released today at 10:00 UTC with a figure of 10.6%, while the previous figure was 9.9%.
At the same time, KOSPI Composite Index dips 1.39% today and closed at 2,477.45. Hang Seng lost 1.15% today and closed at 18,256. After ending today's session at 3,958.79, S&P 500 lost 19.79 points and is trading around 3,939.
Upcoming fundamentals: Euro Zone ECB President Lagarde speech will be released tomorrow at 08:30 UTC.