Xetra Dax Gives Us A Hint.

Now that Germany's Xetra Dax Index has broken its uptrend, 100 DMA, and is resting at its 200 DMA, are we back to bear market swoon business?



I only say that it could be a hint for our markets because historically there has been a high correlation between the Dax and the SPX, but that correlation as of late has been unwinding.



Crude Oil is also down today, but it looks like it wants to hang in there. Watch Crude here as it could hold the key to what happens next.



This is a big day for the markets, the news flow is not great, Iran problems, and 2ND Quarter Earnings coming up could spark some selling.