FX:GER30 DAX index of German listed shares
There is still some bullishness in some US indices and Nikkei. This positive posture could last another 2 weeks with 0.5% potential on sp500 and 2% potential on the Nikkei.
With EURUSD moving back up and the previous excess on DAX , new tops is unlikely locally.
Alltogether when the DAX reaches below 11,800 on close it will be trading below cliff and shall be in corrective mode to 11,300 i reckon.. A level that shall be reached in the next 4 weeks (faster if there is no further upside in the US).