As the German DAX closed the week at new ATH, it is interesting to see the differences between the U.S leading index and the Euro Zone leading one.
While the $SPY created a weekly double top, just above 200$, the $DAX used its weekly support (blue rectangle) to create a double bottom and a new weekly high.
The markets anticipate a major move by the ECB and the preparations have already started. We saw it clearly this week as the markets interpreted every bad economic data into a daily rally..they are now buying the rumors and the question is what will happen if Super Mario will fail to deliver? it could be devastating to the European stock markets, lead by the DAX
While the $SPY created a weekly double top, just above 200$, the $DAX used its weekly support (blue rectangle) to create a double bottom and a new weekly high.
The markets anticipate a major move by the ECB and the preparations have already started. We saw it clearly this week as the markets interpreted every bad economic data into a daily rally..they are now buying the rumors and the question is what will happen if Super Mario will fail to deliver? it could be devastating to the European stock markets, lead by the DAX