DAX 30 Forecast: Testing Support as Correction Looms Key Talking Points: Momentum indicators show a mixed picture After a strong start to the week last Monday and a subsequent reversal on Tuesday, the DAX 30 wasn’t able to consolidate any momentum during the rest of last week. The German index has held still around the 15,225 area, which has allowed the ascending trendline support to catch up with current prices, putting the bullish trend under pressure. Advertisement The long-term forecast continues to show positive momentum but the current set-up is signaling that buyers are struggling to overcome selling pressure and we may see downside correction before buyers are in control again. This pause in movement over the last few sessions has allowed the overbought conditions on the Stochastic oscillator and RSI to subdue, but the MACD has now ventured into negative territory, which would support this notion of a bearish correction before further upside momentum is achieved.