FTSE 100 and DAX - topped or is topping

The FTSE 100 does look as it has topped for now and we should soon see a challenge of the support line from early March 2009.

The DAX also looks like it has topped or is very close to topping. Looking at the VDAX below it seems as the top is is place and pressure to the downside should build going into 2011.

A top around now would also fit the Brenner Cycle, which calls for a top in 2010.