Over the last couple of weeks, Germany’s lead index had a particularly hard time getting above 14123 points. In the course of a general weakness in the markets, the course moved away from this threshold. We expect the DAX to continue to decline a bit further until it reaches a region around 13489 points. After that, we are all set to tackle new all-time highs above 14123 points! What is important here is that we stay over 13288, in order to avoid further deteriorating courses.