Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Technical Analyst, Saxo Bank
Summary: DAX/GER40 taking 17K resuming and likely extending uptrend
EuroStoxx50/EU50 continuing higher. Can it reach 4,800?
DAX closed yesterday above 17K resuming uptrend with potential to 17,255, possibly 17,500.
However, RSI is showing divergence indicating trend exhaustion. But a top and reversal pattern is not yet in place suggesting the uptrend is still your friend - but keep stops close .
A close below 16,821 can demolish the bullish picture.GER40 cfd levels
EU50 cfd levels