The DAX Futures is trading at 12,002.50  up with +0.51% percent or +60.70 point.The FTSE 100 Futures is trading at 7,237.30  up with +0.27% percent or +19.80 point. The CAC 40 Futures is trading at 5,281.37  with a loss of -1.81% percent or -97.60 point.  The EURO Stoxx 50 Futures trading at 3,328.00 up with +0.48% percent or +16.00 point.


the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S&P 500.

The rally off the bottom of rising channel (1) hit falling resistance at (3), which looks to be near the top of a potential bearish rising wedge


For the day Germany’s DAX closed at 11,952.41  with a loss of -1.78% percent or -216.33  point.the FTSE 100 closed at 7,231.04 with a loss of -1.41% percent or -103.15 point. France’s CAC  40 closed at 5,281.37  with a loss of -1.81% percent or -97.60 point. 


For the day the Dow is trading at 25,490.47 with a loss of -1.11% percent or -286.14  point. The S&P 500 is trading at 2,822.24 with a loss of -1.19% percent or -34.03 point. The Nasdaq Composite is trading at 7,628.28  with a loss of -1.58% percent or -122.56 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,117.22  with a loss of -0.16% percent or -33.92 point. Hong Kong’s Hang Seng is trading at 27,390.77 up with +0.45% percent or +123.64   point. China’s Shanghai Composite is trading at 2,855.55  up with +0.11% percent or +3.04 point. India’s BSE Sensex is trading at 39,094.22 up with +0.73% percent or +282.83 point at 12:15 PM.