DAX: Correction process. until 9475 then 9380

DAX is continuing the correction phase. There may be a little upside move until 9875-9900 because of the situation of the market, although we are not yet in an oversold situation, there may be a little move up before the coreection process continue toward 9775 at first, and later until 9380.This would be a 5% correction From 100XX, which is normal in that period. We are not yet facing a reversal but just a correction.
Bare in mind that there is still plenty of cheap money in the market ( ECB 0.10%, FED 0.25%). Therefore with the end of the summer, the market may very much catch up again and the year end target might very well be above 10100