There would be a buying opportunity in the index. If the Index is able to close above the 15610 with a SL of 15510 for a TP 15790-15900.

The Index is trading above the EMA's . A consolidation movement is seen in the index from a few days, if it is able to close above the mentioned level we would see some buying pressure coming in the index which can lead to our expected target.

The RSI is following the price and no divergence is seen yet.

Lagging MA is also showing some strength once the lagging MA crosses its previous high we can expect the move to confirm.

DAX

Oct 23 2021

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