DOW - the LONG view

like the other indices you can see the effect of easy money on asset prices - investors looking for a return when money in the bank pays nowt

Negative divergences are building - long term - 

Nasdaq LONG term chart

NDX 100 cash 2-week chart

The negative divergence between price and RSI is obvious(Higher prices but RSI seems to be trending down)
Rally has accelerated away from the longer-term trend line  (SOLID RED)

Even a correction to the steeper trendline (DASHED RED) would be a 14% decline
A fall to the LONGER term uptrend would be a 30% fall

LONG TERM CHARTS

With all the "China Trade War tweeting" being done by TRUMP (makes you wonder if he is gaining financially from this ;) ?)

There will never be a deal that satisfies both sides.

However, with the markets dominated by Autobot trading - it has made for difficult trading conditions especially if you look at longer-term trends.

So LOOKING at very long term charts can help with the BIGGER picture

DAX  weekly
A bit speculative but price action so far is playing along.

Even LONGER term below

Next posts DOW, NDX and FTSE