Buying The Dip
Investors were buying the dip – this was at least apparent in the DAX that took out the 15500-handle and surged toward 15900 in a next leg up. Early evidence that omicron cases haven’t overwhelmed hospitals appears to have calmed the markets. Risk assets recovered.
However, there are warnings that buying-the-dip could be too early as turbulences could continue.
The index stabilized above 15500 and headed toward 15900 in a next move. Whether we will see a test of 16000 depends on investors’ risk appetite but it seems as if there could be further room for the bulls. 16000 is the next bullish target.
We wish you good trades!
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