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German DAX Index About to Send a Critical Message to Stocks in the States

ByChris Kimble
Published 11/14/2023, 01:43 PM
DE40
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Germany is one of the most important stock markets in the world.

And what it does next could very well send an important message to stocks in the United States.

As you can see in today’s long-term “monthly” chart of the German DAX Index, the trend remains up.

DAX-Monthly Chart

BUT, the index recently tested its old highs again at (2) and so far has not broken out. And weakness of late has it testing price support.

A breakout at (2) would be bullish for Germany and the States.

But, should price support fail at (3), it would send a negative message to Germany and the states. Stay tuned.

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