Dax has found some resistance
From technical perspective it seems that after completing the upside targets, Dax has found resistance around level 6400. In a future Dax could be consolidating/ranging between 6000-6400.
Overbought/sold indicator has reached extreme level after selling has dropped dramatically. It doesn't need any extra efforts to forecast this to reverse in a future.
Dax cycles indicates that we don't have much room for the upside, so we will see a consolidation or a pullback.
20 day high vs. low ratio is also in a extreme overbought condition. Usually this high level has marked at least a short term top.
90% of Dax stocks are 1 standard deviation above their 50 day and 20 day moving averages. Again we are in a very overbought condition that won't last long.
Dax volume index led the price index up and now it has confirmed the current level. No divergence at the moment.
