Due to this consolidation the support at 9792/9795 points was reached and successfully tested. Currently the DAX is trading significantly above this mentioned level.
The correction is now finished. However the DAX is trading in a sideways movement. Above the upper resistance at 10,015/10,048 points the German blue-chips stocks would generate a new buy signal. Price target is the level at 10,650.
Below the support at 9792/9795 the German stock market has got two supports. These are the trend line at 9631/9647 and the increasing 200-day moving average (weighted) at 9623.