DAX FTSE spread..again

Well the spread went a little higher than anticipated...added to the position..but looks to be coming in now..
The negative divergence still in play, MACD turning down...

DAX monthly or L O N G T E R M ..!

DAX bumping up against some serious resistance around 7540 level..after breaking out of the 6440 level.  Longer term we may see test of that level (6440)..  shorter term support at 6950 and resistance around 7540...

Key levels to watch... so at 7440 good risk reward ( LONGER term) for a short...a break above 7540 and we test highs  @ 8000 !

SOME more negative divergence CABLE

Shorted at 16210 stop 16320 open target...

If we do break higher could be an IHS formation ..
best seen on weekly chart

Of course being weekly chart important to see a confirmed break out and retest of theneck line..to avoid false breaks.

FTSE DAX spread UPDATE.....

Following on form previous post...the spread got as high as 1270....now dropping back to 1187.  As can be seen on the chart this is setting up an even bigger negative divergence, so we may have a PROPER top in the spread and LONGER term looks like FTSE will outperform the DAX (unless of course it breaks out above that channel.. TA always has alternative scenarios, it's all about probabilities!)

The weekly chart also shows negative divergence.  If the spread narrows to 700, potential profit is 1000 pips per unit