DAX – recovery move not sustainable – where are we heading to?

The current recovery move does not look sustainable. The german economy still faces a lot of serious trouble. Besides the energy crisis german companies suffer from hickups regarding the supply chain – f.e. materials, metals, semiconductors – right now one could have the feeling like there is no light at the end of the tunnel yet.

Let´s have a look at the current charttechnical picture – some fundamentals included.