DAX shrugs off recent weakness
Monday saw the DAX drop back to 12,400, but a recovery yesterday has seen it push back above the Monday high of 12,550.
There is still the 12,600-12,742 zone of resistance to clear, but for the time being dips have been firmly bought, and the bullish scenario remains intact unless we get a close below 12,268.
S&P 500 continues to move higher
Earnings season and an easing of geopolitical tensions continues to provide fuel for gains in the S&P 500.
It has had little in the way of retracement, but any dip that holds above 2660 is likely to remain a buying opportunity. The push to the downtrend line from the January highs goes on, with 2740 being the key area to watch.