Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Technical Analyst, Saxo Bank Group
Summary: DAX/GER40 taking 17K resuming and likely extending uptrend
EuroStoxx50/EU50 continuing higher. Can it reach 4,800?
DAX closed yesterday above 17K resuming uptrend with potential to 17,255, possibly 17,500.
However, RSI is showing divergence indicating trend exhaustion. But a top and reversal pattern is not yet in place suggesting the uptrend is still your friend - but keep stops close .
A close below 16,821 can demolish the bullish picture.GER40 cfd levels
EU50 cfd levels