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11,000 Downside Target Met In German DAX

Posted on: Wednesday, June 10th, 2015

The German DAX declined to as low as 10,865 yesterday, June 8th, to meet our 11,000 initial downside target first mentioned in our May 4th Keys To This Week report and capture a 620 point, 5% decline in about 5 weeks.

Here is the chart from our May 4th report.

Chart 5 from the May 4th Keys To This Week

Chart 5 from the May 4th Keys To This Week

Here is the current chart updated through June 9th. During the same period the positively correlated S&P 500 declined by 42 points or 2%.

German DAX daily through June 9th 2015

German DAX daily through June 9th 2015