Watch the trendline in the DAX.

FX:GER30   DAX index of German listed shares
198 4 5
The potential breakdown in the DAX             , could be the precursor to a big sell-off in the U.S.
Very interesting ! especially with the current economic situation.
christopherbrecher PRO william.wild.58
For the last 3 years, all the markets seemed to go up together. This is the first "crack" in the armor.
+1 Reply
I agree. For last few weeks European equities have been trading very weak, with massive volatility pickup. US equity mkts are in full denial mode still. Even if SP500 comes down to 1920, it will still be in bullish trending. I think we'll see a wave down to that major support, then again some buying up, and the second leg down will enter SP500 into bear mkt too. At least this is what I see based on my technical model.
(if you have interest to check:
SP500 Update - Still consolidating. Wait for the break!
Does anybody still remember the Russian crises in 1998? Or the Argentina meltdown? Or the Asian probs in 1996? Dotcom valuation problem and bubble burst in 2000?
Frankly speaking now we have everything same time all together, and you see what? Major mkts are not reacting at all! (Locals do somehow). This is how money printing distorted the whole equity world globally! So just immagine how big is the bubble now, and what would happen if it bursts by some reason?
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