Don't Ignore This Chart!

German DAX Tests March Low


With a sharp move lower the last five days, the German DAX Index ($DAX) is testing support from the March low. In fact, support in the 6600 area extends back to early February. A break below this support level would suggest an even deeper correction that could weigh on US stocks.


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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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