DAX reaches level of support
The 12,954 level was an important zone of support back for the DAX in November and December, and with the price now at this level we may see some short-term weakness.
However, the strong bounce from the lows of late March remains intact, with a drop below 12,660 needed for a break of the rising trendline that has held since the beginning of April.
Dow continues heading higher
Having convincingly defended the 23,830 level last week, the Dow Jones has continued its ascent.
A move higher targets 24,850, and from here 25,298 and then 25,823 come into view. A close below 23,500 is needed to suggest that the sellers are back in control, and even then 23,112 could still provide support.