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DAX extends fall below 100 day moving average
The DAX is still under pressure heading closer to the weekly close in around 30 minutes. The index has now fallen further underneath its 100 day moving average (currently in place at 18,255). The DAX has now fallen very close to 18,175 and it is now a question of much more has the current correction got left to run. That is not easy to answer right now, but there is a trend line support level in place just now today, at around 18,125. That is an upward trend line stemming from previous lows set on June 14 and July 2. If you care to look at a daily chart of the DAX you will see what I am talking about here. The DAX is currently trading at 18,195
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