German DAX Index Continues to Show Relative Weakness
The German DAX Index peaked around 7200 in mid March and moved below 6000 in early June. That's over 15% in less than three months. Despite looking oversold, there are no signs of a reversl as the index remains below its late May high. In the indicator window, the Price Relative ($DAX:$SPX ratio) continues to trend lower as the DAX underperforms the S&P 500.

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