The monthly chart below is showing the American Nasdaq100 and the European DAX indices. Both indices are equally weighted into the graph. It should represent where stockmarkets are currently trading.
The monthly pattern continue to create a lower low and a lower high. The Red bars indicate that markets are weak. For the chart to regain Blue strength stockmarkets need to collectively soar as much as 9% from their March closings.
2022-04-01 10:34 | Nasdaq100, Dax, Longer Term