DAX and Nasdaq 100 face technical signals of potential correction

Technical analyses of major equity indices indicate potential volatility for the DAX and Nasdaq 100. The DAX has entered a larger degree correction following a completed impulse structure. Current Elliott Wave projections suggest a double three WXY pattern is unfolding, with a potential target zone for wave W between 24,737 and 25,283 before a temporary rally occurs.

Regarding the Nasdaq 100, market indicators show mixed signals. While the index remains in a broader bullish structure, some analysts note a bearish divergence between price and the Relative Strength Index (RSI), alongside declining participation volume. Market breadth observations suggest that while large-cap stocks maintain the index level, internal participation may be deteriorating.

Key technical levels for the Nasdaq 100 include resistance at 29,650 and 30,050, with support identified at 29,200 and 28,900. The index remains sensitive to macroeconomic data and Federal Reserve policy.