The Dax 30 hits a speed bump as investors fret about tapering in the wake of strong US jobs data. The rebound has come to a halt right at the peak at 15800.
Buyers’ struggle to push past the all-time high indicates stiff pressure from both profit-taking and fresh selling.
The RSI divergence in this kind of major supply area is a warning sign as buying has lost its impetus.
The break below 15660 could prompt the bulls to bail out. 15440 would be the next support as the index goes into a correction.
