S&P 500
We do have a very interesting, yet often underestimated technical structure, which is a correction equality pattern. The current bullish movement is exactly the same as this one from the end of October and the beginning of November. S&P 500 reached the ultra-important resistance and it looks like a great place for a bearish comeback. Even if it will not happen here, it can happen a bit higher, so on the gray resistance, which was legitimate support for the last three months of 2018. Our view is still bearish.
DAX
The DAX is still in the channel down formation and is slowly approaching the upper line of this formation. Along with the dynamic resistance, we do have a horizontal one on the psychological barrier of 11000 points. That seems like a great place to sell. Well, if the price will even get there.
DXY
While we are primarily focused on the indices, we cannot leave currencies aside completely. The US Dollar Index started this week with a strong breakout of the horizontal support on the 96.2. This breakout activates the sell signal here. Now, we do have a small bullish correction, but it seems that this is a normal price action movement of the price testing the broken support as the closest resistance. The sell signal is ON.