The Dax 30 soared to a new all-time high backed by a strong earnings season.
The rally is in full swing after a break above the previous peak at 15810. The index is climbing along a rising trendline since late July. The price has gone vertical and suggests an acceleration in the bullish momentum.
A repeatedly overbought RSI indicates an overextension. A limited pullback would help the bulls catch their breath.
15850 on the trendline is a key support should this happen. Then a rebound would lift the index to 16100.
