Since the beginning of the year, the index lost more than 4.0% but last week ended with a drop of 0.35% and remains in a distribution phase since early February. Last week the German main index initially fell but found again enough support at 12,096.5 to erase most of its losses and managed to close near the high of the week, although closed within the previous week range, which suggests being slightly on the bullish side of neutral. The stochastic is showing lack of momentum and is below the 50 mid line. The Index seem to have found some buying pressure near the 2015 high at 12,096.5 to bounce back up however will it be enough to jump-start the bullish trend again or is just taking a breather to begin a downward push? Expecting an upward move to a key level at 12,948 (scenario 1) on a bounce from the lower zone of a weekly support at 12,096 however a bounce from the key level at 12,948 may set in motion another downward push to the higher zone of weekly support at 12,429 (scenario 2).