Le Dax se comporte comme un précurseur du S&P 500

Chris Kimble

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Le Dax et le S&P 500 suivent une même évolution, mais le Dax est en avance. Ils se heurtent à une résistance 4% au dessus des niveaux  actuels; si ils la passent ce sera un signal haussier.

Germany- Leading Index Breakout Test 4% Away

Date: Tuesday, May 10, 2016 1:15 PM EDT

(Click on image to enlarge)

The DAX index (Germany) and the S&P 500 have followed similar paths over the past few years. Both bottomed in 2009 and 2011 around the same time. The DAX hit 5-year rising channel resistance in April of 2015 and reversed course quickly.

The DAX peaked a couple of months ahead of the S&P 500 last year. 

Over the past year the DAX has continued to create a series of lower highs and finds itself around 4% below channel resistance. The S&P 500 finds itself around the same percent below last years highs, which took place around the 2,150 level.

Both are facing key resistance levels, around 4% above current prices. If both can take out these resistance levels, it would send a bullish price message to investors around the world. What both of these do with the resistance zones around 4% overhead, should be very important for portfolio construction going forward.

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