الخميس , 23 نوفمبر 2017
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الرئيسية / سياسة / (English) German DAX: Monster Breakout Test Would Be Good For S&P 500
(English) German DAX: Monster Breakout Test Would Be Good For S&P 500

(English) German DAX: Monster Breakout Test Would Be Good For S&P 500

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عفوا، هذه المدخلة موجودة فقط في الإنجليزية الأمريكية. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.

Below looks at Germany’s DAX over the past decade. The index looks to be creating a bullish continuation pattern that is important to investors in both Europe and the States.

Weekly DAX

Weekly DAX

The lower left of the chart above shows what an ideal cup-and-handle pattern looks like. Typically, these patterns historically take place in bull markets and are viewed as “continuation patterns.”

Below looks at the DAX/SPY ratio over the decade and why the ratio could be forming an important pattern too.

DAX Vs. S&P 500

DAX Vs. S&P 500

Since its 2003 lows, the DAX has been much stronger than the S&P 500. Since 2008, the ratio has traded sideways, reflecting that the DAX and S&P have been traded off as there’s been no clear winner. At this time, the ratio could be forming a reversal pattern (bullish inverse head-and-shoulders pattern) near the bottom of a 6-year trading range.

A breakout above the top of the cup-and-handle pattern would send a bullish price message to the DAX. Strength in the DAX has historically been a positive for stocks in the States.

Bulls in Germany and the States have fingers crossed that the DAX breaks above 2015 highs.

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