This looks suspiciously like the end of a bear market rally. Markets now need to turn down solidly to confirm the bear case is intact, or we might suffer a slow death of 1000 "sideways chop" cuts as Professorben opined
Nasdaq / Nikkei , looks like a retreat back to the (red) resitance line.. ATHs (blue line) not met.
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DAX and DJI must now follow suit and cease to go any higher. to confirm everyone has sold out of this run. DAX bulls need to stop their insanity.
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@TheReaper
Not a surprising response , as I read last week that Japan's car industry is heavily depenedent on the US market for car sales, and any stalling there can cripple their economy, which isnt in exactly in fantastic shape anyway.
I also watched this video which explain why Americans fell out of love with their cars last century and accepted Japanese imports so graciously. The Japs just do it better, as they so often do.
Anyway, the ducks may be lining up once again in the Bear's Shooting Gallery. Good luck XJO Bears.
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