At the time level of the Dax, the correction will end at the end of July 2020 at the earliest, or a temporary correction high could be formed there. I do not expect the low of the movement until the turn of the month at the beginning of Nov. 2020. 7,400 Daxpoints would be an ideal target. Currently, the Dax is at the 38.2 retracement zone of the upward movement that has been underway since March 2009. However, long-term investments should only be made after the US election. Depending on the election results in the USA, but then also predominantly in the US sector, because that is the most liquid stock market.