DAX weakens while S&P 500 remains strong

The DAX has edged down once again, but the S&P 500 is still close to its record.

DAX at risk of further losses

The DAX's gains above 13,300 have been impossible to sustain over the past two months.

The price has now slipped to the 50-day simple moving average (SMA) at 13,152, with 12,954 the next area to watch. Below this the 100-day SMA, currently 12,641, is the next area to watch. A return to 13,400 is needed to provide a more bullish view.

S&P 500 still close to record high

A drift lower continues for S&P 500, although only modestly. Further declines target 3200, and then down to 3160. A rally back above 3250 revives the bullish view.

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