DAX Germany Weekly Chart New All-Time Highs

The DAX is printing new all-time highs just like the U.S. indexes.  The Fed and BOJ easy money keeps pumping equity markets higher. The DAX all-time intraday high is 8358.23 and new all-time closing high at 8278.59. The new highs are created with a rising wedge pattern which is bearish. The indicators remain universally negatively diverged and the stochastics are overbot again, however, the central banker money printing is powerful. Note the pink dots that show the price elevations above the 200-week MA where the extension is too stretched and a pull back follows. Price is the furthest above the 200-week MA than it has been for years.

The near term momo may create a stutter step to continue the bullish fun, albeit sideways for a week or three, however, the projection for the path ahead is down, and the drops out of a rising wedge can be quite dramatic. Perhaps all is not as well in Europe as the happy equity and bond markets now communicate. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.