I don't know. But it does seem to be at a major cross roads.
I especially like how that long yellow parallel channel and the 38.2% fib retracement line up.
In a related USDOLLAR chart I noted a head 'n' shoulders topping pattern. When I went back to look at it again it bounced right off its expected measured move.
This head and shoulders pattern is almost text book so far in its present development. Volume is up on the advance of the left shoulder and lower on the advance of the head. We're missing that extra warning of the increase in volume on the decline of the head. There is, however, very weak rise in volume on the ...
The GER30 appears to be struggling with downtrend resistance and is due for what seems to be regular ~33% correction. From there I sense its resumption upward to eventually test the 2.618 Fib at 15446.
I see two wedges of resistance that if can't be overcome could lead to the downward correction. I will be watching the price movement closely and if close below that rising wedge support I will strongly consider going short SPY.
Andrew Thrasher at SEE IT Market has highlighted some interesting anecdotal market ...