Since the beginning of the year the index gained almost 14.0% although ended last week with a minor gain of 0.07% but remains in a bullish phase since early September. Last week the German main index went back and forward without any clear direction although closed near the high of the week, in addition managed to close above the previous week high, which suggests a strong bullish momentum. The stochastic is showing an extreme overbought market but is still displaying a strong bullish momentum. Expecting an upward move to a Fibonacci extension at 13,434 (scenario 1) on break above the previous week high at 13,031 however a break below the previous week high at 12,899 may set in motion some profit taking that would push the index down to the higher end to the weekly support at 12,429 (scenario 2).