RUT 10 MIN
RUT 60 MIN
The DAX is the strongest of the big Eurozone indices at the moment, and the hourly chart points out some important differences between it and the French CAC, as well as the Spanish IBEX and Italian MIB.
DAX 10 MIN
DAX 60 MIN
Bigger picture, the blue and the magenta counts give you an idea of the debate going on in my brain. I think much depends on whether or not the ECB launches a QE operation or not. I intend to revisit that issue in my next macro post, but am waiting to see what happens with the ECB's interest (repo) rate on Thursday. A move toward QE would probably be heralded by a cut in the benchmark rate to 0.75%, perhaps even 0.5%. More on this later...