is trend and risk appetite has changed for the DAX Germany index ,or it's only Return debts from the last gap

DAX  index price gap since French election Standing in braking distance

France elections caused the markets to leap sharply and leave behind open price gaps, Will this gap be closed in French presidential election second round vote on 7.5.207

The results of the first round of the French presidential elections met expectations.

You can see the gap that opens and does not close; the gaps are 100 points average, Gaps tend to quarantine - it's all a matter of time

As i wrote on the Dax  index at Oct 2016 new records ahead

Dax 30 forecast 

This week we have a lot of data from markets all over the world

The first read of the second quarter growth figures for the US and UK economies are the main macro releases this week. With warnings that Brexit will result in an ever deeper economic slowdown than the post-referendum resilience has suggested, the preliminary Q2 print for the UK will be closely followed for any signs that activity is slowing down from what was already a fairly lackluster Q1.

IN US The fall in the dollar and Treasury yields suggests markets are already dubious about the growth of 3% GDP level. Fading hopes that the Trump administration will unleash economic dynamism were dealt another blow after the health bill failed to clear Congress.

also on Friday Canada GDP will publish - specific for this currency I think we should expect some moves 

On Wall Street, earnings season continues apace with three of the biggest hitters set to report this week. Alphabet, owner of Google, will deliver Q2 numbers after the close on Monday. Q1 numbers beat expectations, with EPS coming in at $7.73 versus $7.39 expected. Expectations for Q2 are in the region of $8 a share. Facebook reports Wednesday while Amazon reports after the close on Thursday, with expectations for EPS of around $1.42.

Fed meeting in on Wednesday-  Looking to this meeting, while no one expects the FOMC to adjust rates, there is some chatter on the street that it might look at balance sheet adjustment. 

Technical analysis for the Dax 

f you will look closely you can see the index is near to closed the gap, also there a major support on 11900+_ area - if it breaks down this price level we should expect for more downside; as the other hand if  the Dax will hold this level every thing is still open 

DAX 30 GERMANY FORECAST 

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice