the most overvalued market of the world
new high in negative divergece, short from here, wave 2 completed, now let's see the euro stoxx down at 2550 points
in the monthly chart, in the last 15 years, every time dax has had a bearish cross of macd, it fell about 40-45% average. assuming we will see the a fall of 35-40% as the statistic says, we have a target at 6000 for the next year
real life price bubble in italy, P/E of banks are at historical high at about 40-50, while in europe they are at 15 average the new japan but with much worse prospects
head and shoulder on macd, negative divergence on weekly and daily basis i'd expect dollar to rally by a further 6-10% before the end of the year and maybe a 15%drop of spx500
macd is very bullish, down to zero, preparing for the next big leg