FTSE DAX spread

Looking at this..
Selling DAX  simultaneously buying FTSE especially around 1200 spread....

IF markets start correcting FTSE has traditionally been more defensive than the DAX so in theory the spread should narrow as in previous market corrections/bear trends

FTSE follow up

Well the FTSE is retesting that broken trend line.  Now what?  Well the DOW is above 12k, DAX is still struggling against the highs, and actually any selling it seems to lose momentum pretty quickly....

SO  my guess is this may turn quite quickly if any selling hits the US mkts.  having said that am long FTSE from 5907 trailing stop now at around 5976, any sudden fall and I will be stopped out...

A good trade may be long FTSE short DAX....

FTSE topped or consolidating for another push up?

FTSE has broken the short term uptrend

Will it repeat the last down trend forming a BULL flag?  One month it took...action in yellow circles


OR has it topped..?  Likely test of the broken trend line at 5990 possible also a test of the highs...