While the Dax is far away from its all-time high, the US leading index S&P 500 was close to it recently. However, it failed several times to overcome this all-time high. Chris Zwermann assumes that both the Dax and the S&P 500 will now face a major correction – and he names concrete price targets for the two indices.
Interesting is the chart comparison of Zermann between Bitcoin – which recently suffered a sharp slump – and the Dow Jones: Bitcoin has a precursor function for the Dow Jones, according to Zwermann. The analyst also looks at the Tui share, which has been on the rise since Thomas Cook’s bankruptcy: