DAX still attracting the flow as it pushes to session highs above 22,425

Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it did that on Friday, as noted here earlier, but this further move higher is taking it ever closer to totally eroding the fall to 18,489. That by any measure is quite impressive and tends to speak volumes of the big money flow out of US assets, looking for alternative homes beyond US shores. As to whether the DAX can completely reverse all of the fall from  the record 23,476 high seen on March 18 remain to be seen. The DAX is right now at 22,433