The DAX is now starting to fall. Bad news from Lufthansa and BASF today and tweets from Trump about the trade war has caused the DAX to fall below the upper trend line. I think the DAX is overvalued in a recessionary environment, it could fall down to 10500. The FTSE100 is also looking wobbly, it is also caught in a bull trap at the moment like the DAX. I think both the DAX and FTSE100 could fall on brexit worries, falling US markets, recessionary environment in Europe, low interest rates and trade war fallout. Could get tariffs on German autos soon, this would tip the auto manufacturers and the DAX downwards.