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The German DAX Index approached the first target at 15,530, to settle for recording a high of 15,513.
On the technical side, the index found a strong resistance level around 15,500 under pressure from the negative signs of the RSI on short time frames, coinciding with the negative signs coming from the stochastic.
We tend to be negative on short intervals, aiming to re-test 15,330, and breaking it increases the negativity to visit 15,260.
Trading again above 15,500 will immediately stop the bearish scenario and lead the index to the official bullish path, with an initial target of 15,580. Note: The risk level is high.
| S1: 15330 | R1: 15495 |
| S2: 15260 | R2: 15585 |
| S3: 15160 | R3: 15660 |
