The German DAX Index is looking toppish, as the expanding ending diagonal might have topped with the test of 6,901. A break below support at 6,617 would add confidence in my call for a top.The VDAX has broken out resistance of a falling wedge, which should result in a rise towards 28 and possibly even 32 over the coming weeks and months. The expected rally in the VDAX also adds credence to my call for a possible top in the DAX Index.
No comments:
Post a Comment