DAX

One of 2012’s best performing stock indexes seems to have reached the top end of its multi-month rising bear wedge, so short/intermediate support would be 7500/7000 respectively. 7000 is near its 200DMA & 50% fib extension. The DAX has fallen every time its weekly RSI hits around 67, with quite a clear lower weekly RSI support trendline as well.

DAX140113

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