The German DAX 30 cash 4hr hr chart here has been following this channel all the way up and when you combine this with Ichimoku charts, as you can see this is a no brainer. With QE to go on until at least 2016 at this stage, this trade will be a gift provided that there is no change in fundamentals such as a Greek exit or something along those lines. As you can see there was a dip below the kumo but it found support at the channel. This was a good point to add to the long trade. When you look at all the time frames there is no mistaking that this index is in strong uptrend. I see people trying to trade it short term on twitter jumping in and out. What is the point of that? I let the profits run as long as the trend does.
The CAC France 40 cash weekly chart has been very strong thanks to the ECB QE. I would like to see it pull back a touch before moving too much higher.
The Italy 40 cash weekly chart is testing key resistance on the weekly but appears to be in strong uptrend.
The U.K. FTSE 100 cash daily chart is not doing quite so well as the others. The daily chart ended the week on support with the MACD crossed down.
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