The Dax 40 grinds lower as the SVB crisis causes a flight to safety across the globe. This could be a serious test of the bulls’ commitment as the price is striving to hold on despite the latest sell-off. Bargain hunters were eager to buy the dip, prompting a limited bounce off the resistance-turned-support of 15320. 15150 is a critical floor to keep the index afloat and its breach would force buyers to abandon ship and trigger a liquidation towards 14900. 15520 is the first hurdle to go to ease the downward pressure.
