Major Trend Divergences On DAX And EUFN
Candy Matheson | Mar 07, 2022 03:08AM ET
Do you notice something odd about the long-term trends of Germany's DAX with EUFN, Europe's MSCI Financials ETF?
While the DAX has been in a long-term uptrend, the EUFN has been in a volatile and whippy general downtrend, as highlighted by their respective channels depicted on the following monthly comparison chart below.
Whether that variance can continue in the coming weeks is debatable and whether that is a warning of further weakness for the DAX and other European indices remains to be seen...but worth tracking, as is the SPX relative to the DAX, about which I wrote in my post of Mar. 4.
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