DAX finally suffers a technical correction ahead of the German election

Yesterday, as reported on here, the DAX finally suffered a relapse and set in place a technically negative correction from what was a new record high. The index had set in place a new record opening earlier in the day, at 22,875. It then advanced, to set a new all time record high, at 22,935. All this was reported on in updates here during the day, as was the more than 500 point slide from that record high. What was not reported was the close, at 22,433- a loss of 410 points on the session. That was also a massive outside day reversal, from what was a new all time high and it came as the markets were forced to bank gains ahead of the vitally important German general election this weekend. There will be more to add on that over the next 48 hours. Meantime, the DAX futures are a little higher this morning, but this analyst is wary of more downside potential ahead of that weekend election. The DAX is currently priced to reopen around 22,490