Peace Euphoria Ignites the Turbo: DAX Storms Unstoppably Toward a New All-Time High!
What a gigantic demonstration of power! Driven by a massive spark of geopolitical hope, the DAX bulls ignited an unprecedented price fireworks display on yesterday's Whit Monday. The explosive fuel for this rally: concrete speculations about an imminent, redeeming end to the grueling U.S. war against Iran! Since Wall Street remained closed for the holiday and toxic disruptive fire across the news tickers was absent, buyers mercilessly seized the helm in purely technically driven trading. With a brilliant plus of 2.01%, the German leading index catapulted itself to a breathtaking 25,389.10 points. The psychologically crucial level of 25,000 points was not only conquered on extremely thin trading volume but downright pulverized!
MTU Outclasses the Competition—Will the Massive 315 Euro Resistance Fall Now?
On the trading floor of individual stocks, investors experienced a veritable frenzy. The undisputed frontrunner was the engine manufacturer MTU Aero Engines, which sovereignly left the entire DAX competition behind with a brilliant price jump of 6.2%. Right behind it shone the online fashion retailer Zalando (+3.7%) and the aviation giant Airbus (+3.1%). For the highly volatile MTU stock, everything is now at stake from a technical charting perspective: With maximum momentum, the stock is setting its sights on the rock-hard resistance at the lower high from early May at 315 euros! If this all-important breakout succeeds, the tough downward trend will be definitively history for the time being. Then the path for a massive march through towards the new dream target of 350 euros will be wide open!
Wall Street Returns: Will U.S. Capital Shoot the DAX to 26,000 Points?
After the holiday coma, the absolute hour of truth arrives this Tuesday afternoon: the overpowering Wall Street returns to the trading floor! This promises an immediate, highly explosive increase in market dynamics, because the gigantic U.S. capital flows have by no means fully priced in the possible Iran peace deal. The all-important question now is: Will American investors join the global euphoria, or will we instead experience brutal, lightning-fast profit-taking? From a charting perspective, the DAX has maneuvered itself into an absolutely outstanding, extremely bullish starting position. The saving distance to the 25,000-point mark has already been comfortably expanded. Should the longed-for tailwind from the U.S. kick in this afternoon, the next historic attack towards the magic 26,000-point mark is imminent!
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