The Germany DAX has been trying to move towards the upper declining trendline from the high formed in April 2015.
Everybody can see that the market has failed to push through this trendline before, will the market move up and touch this trendline and fall back once again? Or will the markets fool everyone by pushing higher through the upper unbroken trendline? The (retail)markets are heavily shorted, USA markets are at all time highs, central banks pumping money indefinitely and companies doing share buybacks, failing to hike interest rate policies at every cb, BTFD and of course the US elections this year.
There is so much wrong with the current economy but the markets don't seem to care about that for now, until of course, everything turns...
Everybody can see that the market has failed to push through this trendline before, will the market move up and touch this trendline and fall back once again? Or will the markets fool everyone by pushing higher through the upper unbroken trendline? The (retail)markets are heavily shorted, USA markets are at all time highs, central banks pumping money indefinitely and companies doing share buybacks, failing to hike interest rate policies at every cb, BTFD and of course the US elections this year.
There is so much wrong with the current economy but the markets don't seem to care about that for now, until of course, everything turns...