Yesterday was a very bullish day. We saw only 4 stocks declining from their opening.
We got 6 fresh 52 week highs with ADS, BEI, DPW, HEN3, LIN, MAN, MRKK.
16 stocks are less than -10% from their 52 week highs and averagely gain from 52 week low is 42,1 %.
Looking at 3 month performance we notice that thr are already few stocks trading on the negative side.
Dax cycles is still anticipating more down ahead...
...and so does McClellan Summation Index.
Dax Volume Index doesn't have any meaningful divergence with prices.
Technically Dax can climb to touch the declining trend line at 6129. Even if it does that, there is still negative divergence with MACD and RSI. Breaking above the trend line should also break the divergences.
