DAX could test 50-hour SMA
Here too the bounce looks to be preparing for another push higher, although a test of the 50-hour SMA towards 10,360 could bring in fresh buyers.
The next goal is for the index to get back above the rising trendline from late June, above 10,640. This would then clear the way for another test of 10,800.
Dow Jones could see 18,400
The gap up has put the index back inside the range that prevailed in September and October, in the 18,000 to 18,400 area.
With the hourly chart still indicating oversold momentum indicators, it might be hard for the price to push on. But, so long as 18,000 holds we should expect additional upside, as the US market gears up for the pre-Thanksgiving period when bullishness tends to prevail.