The German share index continues to retreat from its all-time high of 12433 reached in April this year. Looking at the long term chart, support lies at the August low of 9318. A break below this would shift the bias to a more bearish sentiment.
The tenkan-sen has crossed below the kijun-sen line and the market is now below the weekly Ichimoku cloud, which are bearish signals. Momentum is negative as well, and RSI is below 50 in bearish territory.
To the upside, resistance comes in at 10520, where the September high and the tenkan-sen lie. Prices would need to clear the cloud in order to see a retest of the record high at 12433. In the short-term, the market is quite neutral as long as it remains between 9318 and 10520.