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DAX sets a record daily close above 22k
Following on from a number of updates today looking at the record price action in the DAX, the index has once again set more records this afternoon by posting a first ever daily close above 22k. The intraday record high was set ahead of that at 22,046 and the index closed at 22,037, with a gain of 126 points on the session. In terms of where next for the DAX, it remains incredibly hard to stand in the way of this right now. The 14 day RSI (Relative strength index) remains elevated, but once again not to the extreme levels, that might warn a nasty correction is imminent. That is never to rule such out though, because at the end of the day the RSI is just a gauge and not necessarily a driver for price action. The DAX futures are currently indicating a slightly lower reopening level for tomorrow, at around 22,030
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Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
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