Like the big US Indices
DJI
and
SPX
we got a MASSIVE bearish divergence and a an ascending wedge on the 2 Months chart.
The German Economy really does not exude confidence since the creation of the Euro. As we know the EZB is already on an interest rate of 0% and there is no mild exit anymore from this state of economy in the Eurozone. Soon we will see the price they will have to pay, it does not look cheap..
DJI
and
SPX
we got a MASSIVE bearish divergence and a an ascending wedge on the 2 Months chart. The German Economy really does not exude confidence since the creation of the Euro. As we know the EZB is already on an interest rate of 0% and there is no mild exit anymore from this state of economy in the Eurozone. Soon we will see the price they will have to pay, it does not look cheap..
