Major global indexes are making new all-time highs

Around the world, major stock market indexes are registering new all-time highs. Are these false breakouts, or an indication that further advances are in progress?

The German DAX is registering a new high, completing a continuation H&S pattern on the daily chart.

The S&P 500 posted a new all-time closing price high on Friday. The daily graph has arguably completed a 11-week continuation H&S pattern with a target of 1972.

The India Nifty 50 (traded in Singapore) is in a major bull market with targets as high as 7950, then 9500.

 The monthly chart of the U.K. FTSE is poised to make a new all-time high on the monthly chart. The daily chart is forming a coil that could launch the monthly chart pattern.

There is a secret to being short these markets — get short with your enemy’s money.

$SNF_F, $ES_F, $FTSE, $DAX, $EWU, $EWG

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