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US Stimulus plan pushed DAX to record highs – DAX 30 Market Outlook – 29/12/2020


In Frankfurt, the DAX set a new historical record yesterday thanks to the adoption of the latest stimulus plan of $900 billion and today stocks are set to open even higher as the German blue-chip index moves closer to the 14000 level which should offer some kind of a resistance as investors start to book profits before the end of the year and with more restrictions being imposed to fight the spread of the new more infectious strain of the coronavirus.

Support: 13800 / 13700
Resistance: 13900 / 14000

SquaredFinancial Daily Market Outlook


Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-stimulus-plan-pushed-dax-to-record-highs-dax-30-market-outlook-29-12-2020
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