Thursday 15th May

The daily chart for the DAX index shows a clear bullish longer-term bias. The price has rallied strongly and is trading well above the key moving averages, with the 14-day SMA around 23,124 providing dynamic support. The 50-day SMA near 22,405 and the 200-day SMA at approximately 20,444 further reinforce the uptrend. Price action has broken above multiple prior resistance levels, including 19,676 and 18,969, now consolidating near all-time highs. The Stochastic Momentum Index (SMI) has retreated from overbought levels to around 42.7%, indicating some cooling in momentum but no immediate sign of reversal. No significant bearish momentum divergence is observed. Resistance levels to monitor include the recent highs near 23,400 and psychological round numbers above, while support is found at 22,405 (50-day SMA) and 20,444 (200-day SMA). Traders should maintain bullish bias with stops below 22,000 to protect against unexpected pullbacks.

The 4-hour chart shows a bearish short-term outlook as the DAX has pulled back from recent highs and is currently testing resistance near the 50-period SMA at 23,418 and 14-period SMA at 23,224. The price remains above the 200-period SMA at 22,058, indicating the intermediate trend is still intact but short-term momentum is weak. The Stochastic Momentum Index (SMI) is at approximately -43%, signaling negative momentum and a potential continuation of downside or consolidation in the near term. The negative SMI confirms waning bullishness and aligns with the recent price decline. Key resistance levels are 23,418 and 23,600 (recent highs), while support is located at 22,405 (daily 50-day SMA) and 20,444 (daily 200-day SMA). Traders should consider placing stop losses above 23,500 to protect against short-term reversals. Overall, caution is advised as the momentum indicators suggest a possible correction phase.

Wednesday 14th May

The daily chart for the DAX index shows a bullish longer-term bias, with the price trading well above both the 50-day (pink) and 200-day (green) moving averages, indicating a strong uptrend. The price has recently broken above the key resistance level at 23,033 and is now testing a higher resistance level at 23,355. The Stochastic Momentum Index (SMI) is currently at 58.06%, indicating strong bullish momentum, but it is approaching the overbought territory, suggesting a potential for consolidation or a pullback. Immediate resistance is at 23,355, followed by 23,400. Support levels are found at 22,043 and 21,600, with the potential for a retracement if the price corrects. Traders may look to enter long positions near support, with a stop loss placed just below 22,043 to manage risk in case of a reversal.

The 4-hour chart for the DAX index shows a bullish short-term outlook, with the price recently breaking above both the 50-period (pink) and 200-period (green) moving averages, indicating upward momentum. The Stochastic Momentum Index (SMI) is currently at 9.31%, indicating that momentum is in the early stages of improvement, though still in the negative territory. This suggests that the price could continue to rise, but there may be some hesitation or consolidation before further upside is seen. Immediate resistance is at 23,355, with a further target at 23,400. Support is found at 22,800, with additional support at 22,600. Traders may consider entering long positions near support levels, with a stop loss placed just below 22,600 to protect against any pullback if momentum weakens.

Tuesday 13th May

The daily chart shows a neutral longer-term outlook for the DAX. The price has recently reversed from the 22,918.089 level, testing the support near 20,393.213. The DAX is trading above both the 50-day (pink) and 200-day (green) moving averages, suggesting some bullish momentum, but the price action is currently consolidating. The Stochastic Momentum Indicator (SMI) is in positive territory at 67.12%, indicating moderate bullish momentum, but no clear strong directional movement. Resistance is seen at 22,918.089, with the next key resistance at 23,255.170. On the downside, immediate support is found at 20,393.213, followed by 18,969.806. A break below 20,393.213 could signal further bearish pressure, while a breakout above 23,255.170 could trigger a renewed upward trend. A stop loss below 20,393.213 would help protect against downside risk.

The 4-hour chart indicates a bearish short-term outlook for the DAX. The price is trading below both the 50-period (pink) and 200-period (green) moving averages, confirming the bearish trend. The recent rally has failed to break through resistance at 22,918.089, and the price has started to pull back. The Stochastic Momentum Indicator (SMI) is in negative territory at -15.04%, confirming the bearish momentum. Immediate resistance is at 22,918.089, followed by 23,255.170. Support is found at 20,393.213, with further downside targets at 18,969.806. A stop loss above 22,918.089 would be advisable for traders looking to enter a bearish position.

Monday 12th May

The daily chart reveals a strong bullish trend, with the price consistently rising and recently hitting a new high at 22,355, supported by the key moving averages. The price is trading above the 50-day SMA (currently at 20,005) and the 200-day SMA (at 18,018), indicating a healthy long-term uptrend. The recent price action suggests that the bullish momentum is intact, although the Stochastic Momentum Index (SMI) is in overbought territory, around 78.47%. This suggests that while the trend remains strong, there could be a short-term pullback or consolidation before further upside potential is realized. Resistance is located at the recent high of 22,355, followed by 22,500 and a key level near 23,094. Support lies around 20,005 (50-day SMA), with deeper support at 19,676, which has held firm in recent months. A break below the 50-day SMA would weaken the bullish outlook, with a potential downside to 19,676 or the 200-day SMA at 18,018. For those entering long positions, a stop loss below 19,676 would be prudent to protect against a deeper correction.

On the 4-hour chart, the price is experiencing a strong upward move, trading above both the 14-period and 50-period SMAs. The 200-period SMA is also showing upward momentum, indicating that the short-term trend remains bullish. The Stochastic Momentum Index is currently at 68.40%, suggesting there is still room for further upside, although the index is approaching overbought territory, which could signal a slowdown or a potential pullback if the momentum starts to wane. The price recently broke through the 22,005-resistance level, and it is now challenging the 22,355 area, with the next target being 23,094. A pullback toward 22,005 would likely act as support, and further support lies at 21,676. If the price fails to hold above 22,005, there could be a deeper retracement toward 21,676, with a stop loss placed just below this level to protect against further downside.

Friday 9th May

The daily chart for DAX shows a strong bullish trend as the price continues to make higher highs, propelled by the support provided by the 200-day moving average (green line) around 18,018.00 and the 50-day moving average (cyan line) that is gradually trending upward. The price has recently broken above key resistance levels, with the next immediate resistance located at 22,333.74. The Stochastic Momentum Indicator (SMI) is currently at 75.57%, signaling that the momentum remains strong, but caution is warranted as it approaches overbought levels. Key support lies at 20,339.79 and 19,676.12, which are both important levels to watch for potential pullbacks. The overall trend is firmly bullish, but a consolidation phase could occur before any continuation to higher levels. A stop loss for long trades can be placed near the 19,676.12 support level, ensuring protection in case of a reversal.

On the 4-hour chart, DAX shows a short-term bullish outlook with the price trading above both the 50-period and 200-period moving averages, confirming upward momentum. The Stochastic Momentum Indicator (SMI) is at 48.45%, suggesting room for further upward movement before reaching overbought conditions. Immediate resistance is at 23,284.24, followed by 22,920.17. Key support levels are 19,676.12 and 18,969.60, with the 18,018.00 level providing additional downside protection. The price is showing strength as it moves higher, but a break below the 19,676.12 support would signal potential weakness. Traders should look for opportunities to buy on pullbacks, with a stop loss placed below 19,676.12 to manage risk effectively.