Tuesday’s session started from bears gap and attack of sellers from the first minutes. Index went below August bottom by 13 pts. After 15 minutes session it was obvious that support on 9,330 pts will be defended by bulls. DAX was moving in 150 pts wide range till the end of session.
On Tuesday there was more enthusiasm but there was also lack of gains. American S&P500 ended with 0.12% gain but NASDAQ lost -0.49%. European indices: FTSE100 -0.83%, CAC40 -0.31%, DAX 0.35%. The other German indices: MDAX 0.37%, TECDAX -0.11%, only SDAX gained +0.25%. 19 of 30 DAX companies lost, the most Fresenius SE -5.50% and Volkswagen -4.13%. The biggest gains: RWE +5.82%, Deutsche Post +3.04%.
On Wednesday we should observe “windows dressing”, which is connected with the end of month and quarter. Maybe it will help to raise DAX to 9,700 pts, but it is possible that bulls will not have enough strength.
