DAX drifts while S&P 500 at record highs

The DAX is still unable to recover recent highs, but the S&P 500 remains near its record.

DAX remains below December high

The DAX has not rallied in a similar fashion to the FTSE 100 and US indices, remaining below the highs seen earlier in December.

The uptrend of the past month and of the past quarter remains intact, with further gains targeting 13,600. A drop back below 13,100 would be a negative development, potentially opening the way to a test of rising support from the December 2018 low, similar to the July selloff.

S&P 500 still at record high

The S&P 500 remains at a record high, with no real sign of any downward momentum developing yet.

Short-term trendline support comes in to play around 3200, while below this 3150 and 3105 are possible areas of support.

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