Stock markets still jitter over ongoing supply chain disruptions.
The Dax 40 has been treading water over the psychological level of 15000. A bullish RSI divergence in this important demand zone indicates that selling has become less aggressive.
However, it may be too soon to call for a U-turn. The bulls must take out 15330 before they could convince trend-followers of a turnaround. Then, 15700 would be the next hurdle.
On the downside, a bearish breakout would trigger a wave of stop-losses, sending the index towards 14500.
