Bigger Picture: DAX and US Indices

本站添加: 2026-05-26

[00:00:01]Hello traders, this is the first uh video for the weekend update, the bigger picture one. As always, I'm starting it with the DUX index daily chart. I will first go through the things that happened this week, then uh what are we looking at for the next week. So this week, four out of the five days green uh low of the week was made on Monday. Uh here it is usual bullish pattern of marginal lower low with bullish divergence this time below the previous week low and on this day uh market regained daily 20 which is this moving average here and uh after Monday it was all above it giving the bullish tone for the remainder of the week. This week uh the on Tuesday uh market filled this gap and also tagged the invalidation point of the potential island reversal which we had here and uh uh on Wednesday and Thursday uh we had here marginal higher highs and the market on Friday closed around those highs. These breakout arrows and eyes remain on the same position uh for uh Monday uh Monday which is going to be a low liquidity day due to the memorial day in the US. US stock market will be closed and US futures will work in the shortened session. This alone means low liquidity for all EU markets. But on top of it, Monday is also vit Monday when German, French, Swiss and so on banks are also going to be closed. So low liquidity on Monday and uh the usual trading routine for such days is uh uh focus on the etc open and uh you know see if you can grab something in that first uh hour or hour and a half of session where when there actually going is going to be some trading uh nothing much then on a Tuesday and Wednesday on Thursday the only scheduled data that can actually make some jerks on these markets is US core PCI price index and preliminary GDP everything else uh cannot really move the market including German preliminary CPIs on Friday. So this is uh the thing uh going into the next week we are observing this here. Can market break above meaning break above Friday high break above these previous highs from uh Thursday and Wednesday or is it going to go down into uh this week range? Uh this would be S&P daily and uh in the last 6 or 7 years this Friday before Memorial Day was green day and uh that remained the same. But look at this candle for example. How day was made as a gap fill to this candle here forum May the 14th where S&P made the all-time high and S&P is in a range. Uh same goes for NASDAQ. This is Dow Jones which is the only US index that actually made the new alltime high this week. And here and for Dow Jones important thing to watch is can there be follow through or is it going to go back below the previous all-time high line while this is Russell which had a true gap up and go on Friday. Now let's move higher on the weekly charts and let's compare DAX index with the US indices.

[00:03:41]So DAX is trading here uh in the multi-week balance. This is the uh current week this week which is as we can see here the outside green week comparing it with the previous one. This is S&P very vis visible two-week balance pretty much uh very similar uh lows and highs. So treat every balance with the balance rules. Jim Dalton says go with the breakout fade the false breakout and that is the same on NASDAQ as well.

[00:04:20]There is two week balance and you can see it here. Same thing. Lyon ducks weekly low was a poke below previous week low. Everybody who is a short-term trader on their short-term charts, their zones charts and charts that are on smaller time frames need to have overnight high and low, previous session high and low, and previous week high and low. And just around those six references, you can get plenty of reactions and setups during the week.

[00:04:56]Now, uh this is Dow Jones with the new alltime high. And uh this is Russell uh let's say also in a multi-week or in this case in a 3-week range. So uh that's about the bigger picture and uh what are we watching for the next week in which once again the only scheduled data that could actually move uh the market would be on Thursday US core PCI price index and obviously there's going to be some additional news about uh US Iran conflict four out of the five days of this week we got them. Uh I wish you a pleasant weekend and good trading.