DAX Index is back above its 200-day average after surging
November 23, 2020 Update: The DAX Index has surged after holding the 38.2% retracement of the rally from earlier this year at 11,472, and it’s back above its 200-day average of 12,063. Credit Suisse analysts believe that leaves the market testing the upper band of the range and March downtrend.They said the DAX Index must move above the September range high and the gap resistance at 13,460 and 13,501 to mark a conclusive break leading to a test of the February record high at 13,795. Credit Suisse analysts see immediate support at 12,670, and if it breaks that level, they see a decline back to ...