To our German friends, Wie geht’s?

The German Update below represents the DAX. Similar to the S&P500 Index in the USA, the DAX index can help gage and guide long-term investors to efficient market growth. Our charts can help you take a three-step top-down review of how the DAX is performing and whether you should protect your portfolio against a pending crash. In addition, the charts can substantially help short-term trades increase their winning trades.

 

Monthly Chart:

The monthly level of a market is where the long-term trend is defined. Let’s start by looking at a Monthly chart first fo find the markets actual Long term direction.

As you can see below, the Monthly chart went bullish in April 2016 (Green Light) and remains Bullish. Nonetheless, some caution is necessary since the last high 13596 was important given we did obtain one inter-month red light signal during January. Support still underlies the DAX at 12050 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible. Currently, this market is choppy on a monthly basis but remains bullish.

Weekly Chart:

On the weekly level, the last important high was established the week of May 21st at 13204, which was up 8 weeks from the low made back during the week of March 26th. We have been generally trading up for the past 4 weeks from the low of the week of June 25th. So, as you can clearly see, our German Weekly chart is also performing very and supports the larger bullish Monthly direction.

Daily Chart:

The daily level momentum and trend indicators within our chart remail bullish since July with a confirmed green buy signal.

German DAX Conclusion:

Based on reviewing the Monthly, Weekly, and Daily charts, the German market is broadly bullish.

Alles Gute,

*** Do not trade solely based on this post as it may not represent current
market conditions. Markets can change abruptly.  

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