r3anand

This is what global indices are showing us : Part 1

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XETR:DAX   DAX Index
In this part I have looked at the nasdaq, S&P 500 , UK, EURO & GermanDAX.

nasdaq is showing distribution signs after a parabolic move to all time highs. This is a clear sign of a sharp reversal in the coming weeks.
S&P is seeming like a false breakout and/ or short squeeze on a very conveniently timed vaccine news.
Euro , UK & GDAX are at very critical supply zones and it would make the most sense to turn downwards from here. However, a violation of these levels means bear thesis is probably off the table.

I welcome all sorts of feedback ! thank you :)

Comments

do you think the bearish trend will go below the 30th October low made across indices?
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r3anand Platinum14
@Platinum14, yes, i see that as a high probability
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