DE30 neutral

Rise of DAX from 14050 to 14600 during seasonal effects

07 june 2022 58
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "US stocks"
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Two seasonal tendencies worked out in mid-May - early June.

 

It is the half-month effect, according to which the German stock index is positioned to grow just right in the second half of the month.

 

And the turn-of-the-month effect, when the DAX tends to rise during the last 6 days of the month and 3 days of the next month.

 

Currently the index has approached the resistance of 14600 and is trying to overcome it.

If it is successful, the next goal will be the level of 14900, and if it is not - 14250.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "US stocks"
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