DAX Forecast: Gives up Gain Rather Quickly

I don’t think it matters if they do or not, the German economy is going to be under a lot of stress in the short term. Because of this, I anticipate that we will continue to see stocks in Europe get hammered.

The DAX initially tried to rally during the session on Tuesday but gave back gain rather quickly, and now looks as if it is extraordinarily vulnerable to selling pressure. The fact that we ended up forming a bit of the shooting star is also a bad look, compounded by the gap lower they kicked off the week on Monday.

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