DAX update

On 8 May  I said that the probable target for the advance is about 8500. Today Dax June 13 traded at 8561 — high for the day so far. So that technical targets has been met today. Yet there is no indication for trend change, and we should assume that the trend is still up. Market could grind higher in coming weeks. I expect the rally to terminate by early June. The pending reversal should bring a tremendous downside potential.