Equity markets are treading water at the start of the week as investors remain cautious about the inflation outlook.
The DAX 30 has pulled back from the all-time high at 14810 after the RSI continuously ventured into the overbought area. Instead of chasing the momentum buyers may likely wait for a discount before jumping on the trend.
The previous low at 14400 coincides with the rising trendline and could be a key zone of congestion where trend-followers would bid up the index.
