DAX Index still hasn’t shown signs of a top yet

September 24, 2020 Update: Credit Suisse analysts say the DAX Index remains above its 200-day average and has not yet confirmed a top. They said the German stock index held above its support level of 12,192 but again failed to break higher from its recent trading range. They said support at 12,254 and 12,192 will ideally hold to keep the bias for now higher.Anything below those numbers would trigger a top. Key supports would then be at 11,598 and then the 38.2% retracement of the 2020 uptrend at 11,477 and 11,472. Support would then be at the 50% retracement level of 10,867 and 10,863.Above th…

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HEDGE accordingly