We have been monitoring this pitchfork
in the DAX
for years and is one of our key charts in our 2016 chart pack release, which you can get for FREE on our website (www.tradinglegion.com). Since 2009 we have seen instances were the over enthusiasm of the Bears has been met with a heavy handed response from the Bulls and the uptrend re-asserted. Will it be different this time? A break and consecutive weekly closes below the lower pitchfork
boundary is a stark warning for the DAX
Bulls, but a break and consecutive closes below 9300, marks the start of a cyclical bear
market in a secular bull
for the DAX
. We are at a KEY inflection point in the DAX!