Is a move towards 26k back in play for the DAX now?

Following on from the previous update, noting the FTSE 100 outperforming in very early trading, we can now see that has been slightly eclipsed by the DAX just now. The German index is pushing to session highs around 23,850 and the reader is reminded of what was said about the index earlier and its immediate price action relative to the all time high, at 23,911. The next question to ask here is on the broader outlook. The fact that the index has already recovered the near 5000 point slide it suffered in April is quite remarkable given the timeframe of both the low and the subsequent new record high. A long time before the fall to 18,489 played out the technical picture did argue the possibility of the index rising over time to 26k- do you remember that? Well, now that the index is rising closer to 24k, is that potential move now back in play? Well, arguably it is. That is not to express a view here on such a prospect, but merely to outline the potential. The DAX is right now at 23,855