There's a same situation developing in Europe and America. We are seeing it more in Europe than in America at the moment as the spx and nasdaq seem to be behind, but no doubt they will get back to lead soon,
because there can' t be a bullish trend if America doesn't lead and below is what everyone can see
In summary in these weekly charts , Milan and Frankfurt have already broken the resistance marking the bearish trend that started last year, the dow is close to break it. The break has come with a bullish divergence
in the weekly macd and the weekly macd crossing its moving average to the upside while the dow is close to do the very same I believe. If we add that the spx and the dax weekly macd are at lows marking
LT bottoms, well to me there's enough to send any bearish view into letargy
Edited by andr99, 07 November 2022 - 04:08 AM.