DAX up for 6th consecutive day


German DAX index was up for the sixt consecutive day in what appears to be the continuation of the new regime that stocks always go up. On Wednesday, the index was up 1.3%, trading at around 13,000 EUR.

This is the first important resistance for today's trading and if bulls push the index above this level, we could see a quick rise toward 13,040 EUR, where yesterday's highs are located. 

Jumping above 13,040 EUR would confirm the bullish bias, with the next target at the current cycle highs near 13,300 EUR.

Alternatively, if bears reappear and the index declines, the support seems to be near 12,930 EUR and afterward at around the uptrend line, which is near 12,820 EUR. 

The trend looks bullish and dips are expected to be bought. 
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