DAX and SWED are in a blow out phase which is the last and fifth wave. This can go on for some time or stop this coming week. It can end with a sudden stop after which the long bear market will start. It is now six years since this up trend started and it is seldom a bull market continous this long. I am closely looking for the final top day by day. These charts look like the long bull market in GOLD which is shown below. GOLD went on for 33 months in the fifth wave and SWED has now done 42.
Month. See the blow out phase in the last three months bars to the top at 1.921.
Week. Compare this blow out to DAX and SWED charts below. GOLD took 10 weeks from the blow out start and DAX and SWED have now been on for 7 weeks.
SP500 and DOW does not have this blow out trends and are down from Monday in their 2 hr charts. The dollar is still very strong and could get stronger if the EURO breaks on downside.
EURO month. The break down line is at 1.0982 and the monthly close was 1.1194
This is what it is all about - the strength of the dollar holds the US indexes back and pushes the EU indexes up. This will suddenly end with a break down or a bottom above the break line.
SP500 and DOW does not have this blow out trends and are down from Monday in their 2 hr charts. The dollar is still very strong and could get stronger if the EURO breaks on downside.
This is what it is all about - the strength of the dollar holds the US indexes back and pushes the EU indexes up. This will suddenly end with a break down or a bottom above the break line.
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