charts speak better than words
it's the dax....as the spx, it marked important tops in the years 2000 and 2007. The red indicator is almost behaving like an oscillator. When it touches the lower band the dax marks a low, when it touches the upper band the dax marks a top. Where is it directed to, right now ? To the upper band, after breaking up a resistance. Will it get to it ? I would bet on that. And then ? Game over....for western stock markets....at least for a few time. The time frame is the weekly one, so it will take months.
Edited by andr99, 08 November 2019 - 04:06 PM.