DAX: Further Rise Expected

The DAX is in high spirits. Having already risen into the white zone between 15966 and 16127 points, the index is likely to surpass it after a short corrective excursion into the orange area between 15625 and 15805 points. Once it has reached the support at 16295 points, the index might even jump into the second white zone between 16385 and 16545 points.
Alternatively, we have provided another scenario which is marked with a probability of 35% in our chart. The index might also fall below the resistance line at 14795 points and thus dive into the magenta colored area between 13805 and 14392 points. However, if it does so, it will soon jump out of the magenta pool, dry itself off and head north again.

Happy New Year!