There is a solid percentage of German subscribers to NFTRH and while Europe in general is not (yet) making a big move, Germany’s DAX index is. So I thought I’d make note of it here since we did not go in depth in NFTRH 731.
DAX has taken out the downtrending SMA 200, much like the DJIA in the US. The thought is that the Dow can test its highs on this bear market rally. The same could be said here, as if the DAX were like a German ‘Dow’.
However, a test of the highs will meet a lot of resistance at 14800 to 15200 if it persists. Just a look ahead, fyi.