Get ready, we may have an interim top soon!
Daily: Slow has been overbough, slightly pointing down now. is just about to give a sell signal too. When these two traditional indicators give a signal together, that is normally a strong indication.
is still , so in case of a profit taking wave what we can initially expect is a retest to somewhere between 3960-3980.
4 Hrs: DMI-ADX momentum lost, Slow turning down. Not much power left at this high for Bulls. 100 caought up to Price and is very close now to be attacked soon. Future kumo is getting tighter and flat.
Maybe it is still too early to go all short, but keeping longs for bulls is getting dangerous too.
Key level to watch is 4055-4060. Below that we can expect profit taking to accelerate.
p.s.: In general I think equity mkts expect too much from the ECB. I really doubt ECB would do a FED type of ... at least not now. We'll see how mkts react on the statement later this week.