Will German Bullish Wick Help The S&P?
Chris Kimble | Oct 17, 2014 10:50AM ET
The DAX and S&P 500 have been in leadership roles on the upside for the past few years. Over the past four months the DAX index has declined a little over 10%, influencing the S&P 500 and much of Europe.
London and France has followed the DAX lower, pushing bullish sentiment in the United Kingdom to levels seldom seen in the past 5-years.
This week a bullish wick looks to be in play at dual support. This pattern could be good for the German ETF iShare MSCI Germany (ARCA:EWG)
What happens in the DAX from this point forward (will dual support remain in place?) will greatly influence future prices in the S&P 500.
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