DAX: GER30 overbrought / new top possible but worry because oil
DAX is around his previous top.
Technical DAX make a higer low at 9300 area and break the last lower top 9500.
DAX turn bullish again.
But only because Dagi talks the market higer.
I not trust the current situation.
Technical DAX has overbrought RSI
But low oil price is not good,(-36%) is crash. High Yield Bond Funds, one of the many proxies for junk debt, is off 6 percent over that period.
When high yield underperforms equity, a major credit event occurs. It's the canary in the coal mine."
So watch you stoploss the next weeks !
Technical DAX make a higer low at 9300 area and break the last lower top 9500.
DAX turn bullish again.
But only because Dagi talks the market higer.
I not trust the current situation.
Technical DAX has overbrought RSI
But low oil price is not good,(-36%) is crash. High Yield Bond Funds, one of the many proxies for junk debt, is off 6 percent over that period.
When high yield underperforms equity, a major credit event occurs. It's the canary in the coal mine."
So watch you stoploss the next weeks !