The Dax didn t close under the 13K milestone since October. November has been a bullish month until next week, where the DAX kept on adding all time highs up to the 13500 mark. This bull however looks really tired. A major hurdle for more downward movement is set at 12940sh were multiple support could stop the selling pressure. A break of those supports will trigger an acceleration down to the 12690 level (50 percent Fibonacci retracement). Stay tuned.