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Will the DAX reach 17k for the first time ever today?

Yesterday the DAX further consolidated its recent record run. The index was unable to make any progress beyond the all time high reached the day before, at 16,837. It topped out at 16,836 and slipped back into the close, to a low at 16,760, before closing 25 points lower, at 16,766. However, the surge in the US equity markets that followed the Fed surprise has seen the DAX futures charge higher since that European close. That is likely to create a massive opening gap, when live trading in the DAX resumes this morning. Naturally, the ECB policy decision today could decide if that gap is closed, as right now that is clearly uncertain. So, earlier this morning the DAX futures were pricing the reopening to as high as 16,965. They are currently pricing it at around 16,955 and quite clearly 17,000 is in sight right now. I  repeat what I said some days ago, regarding the potential for the this record run to extend towards 17,500 and as you can see this morning, that seems to be still be on track 
 

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