Dax - Continued Upward Momentum Post ECB

We still see the Dax moving higher after the ECB despite not all the governors agreeing that moving forward with more QE is the solution to the Eurozone's economic struggles. This is due to reduced tensions in the US/China trade war and the dovishness of global central banks with even the FED on Wednesday indicating it will re-introduce QE. Therefore we maintain our long view and see the Dax reaching 13000 in the coming months with a near term target at the recent beginning of July high of 12655.