Dax

If the DAX can hold current support levels before breaking to new cycle highs, it could reaffirm the strength of its bullish channel.

While there are some key risks facing equity market investors, the major stock indices continue to exhibit bullish characteristics for the time being, suggesting more short-term gains could be on the cards.

After yesterday’s sizeable drop on Wall Street, there was no immediate follow-through in the selling pressure in overnight trading.