The DAX fell below the important 24,000-point mark on Thursday despite positive news from NVIDIA and progress in the trade conflict. This development is significant for investors, as the DAX had fluctuated around this mark several times in recent weeks and had even exceeded it, but is now trading below again.
Background on the Current Market Situation
In early May 2025, the DAX first crossed the 24,000-point mark in its history and reached a record high. In the days that followed, the index showed volatility around this mark, with pullbacks being quickly bought, indicating a fundamentally strong demand.
From a technical point of view, the region around approximately 23,980 points (10-day EMA on the 4-hour chart) is considered an important support; if the price falls below this level, it could be a warning sign for a correction. A sustained decline below about 23,780 points (10-day EMA daily chart) would increase the probability of a stronger downward movement.
Why Did the DAX Fall Despite Good News?
The good numbers from NVIDIA and progress in the trade conflict were not enough to continue the DAX’s upward trend or establish a new record high. Possible reasons include short-term profit-taking after reaching high price levels and uncertainties in the global markets. Additionally, there is some decoupling from the US stock market: While US indices recently came under pressure, the DAX remained relatively stable – but not strong enough for another rise above 24,000 points.
For investors, this means:
- The 24,000-point mark remains a crucial technical resistance.
- Short-term fluctuations are likely; investors should particularly observe technical supports such as the mentioned EMA area.
- Despite setbacks, there is still potential for rising prices as long as key supports are maintained.
Overall, the fall below the psychologically important mark of 24,000 points on Thursday signals short-term pressure in the market, but medium-term the situation remains to be assessed in a nuanced way due to fundamental factors such as investments and global developments.