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DAX rebounds to set another new all time high

Earlier today, the DAX backed down from another record high at 18,238. The fall towards 18,175 was covered here at the time. Well, since then it has lifted again and  short while ago it rose to set a new record high above 18,238. It seemed that robot trading systems joined in on what was another rush, as the index lifted to set a new record at 16,285. It has edged off that new high now though. The question remains as to how much further this can reach into uncharted territory ahead of the shortened week and Q1 end, given its still overstretched RSI? We shall just have to see on that, but at the same time there is still some way to go this week ahead of all that. The DAX is just now trading at 18,255
 

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