‘S&P 500’ Archive

Global leader, hanging onto support, by a thread!

The DAX Index (Germany) remains a big influence of stocks in the states. Below updates this key index and the unique pattern it has formed over the past 6-years and especially the past year. CLICK ON CHART TO ENLARGE The DAX remains inside of its 6-year rising channel, shaded in blue, with line (B) being […]

Germany- Leading index creates bullish reversal pattern last week

CLICK ON CHART TO ENLARGE DAX Index (Germany) continues its global leadership role. DAX remains inside of its 5-year rising channel (A). Top of the channel was hit over a year ago. After hitting the top of the channel, the DAX has continued to make a series of lower highs and lower lows, inside of […]

Global Leadership- Germany/DAX breaking support

CLICK ON CHART TO ENLARGE Above is an update on the DAX index from Germany. The DAX lead the S&P to the upside from late 2014 to early 2015. After hitting channel resistance in early 2015, the DAX has been weak and other key markets around the world have followed. The DAX hit rising channel […]