[Indexes] S&P neutral, Dax either wakes up of will fall first, Hang Seng is in a bubble. | Monthly, Weekly view on indexes - 21 july 2017

S&p500 quiet, Dax and Dow also mildly quiet, small selling for the Australian index.
The market is either waiting for a retrace or for a new movement up.
As it will be seen below, Chinese hang seng and China's economy is in a bubble.

First let's look at the dashboard:

Expecting a retrace more likely than an up move for indexes.

SPX500 4h chart:

Trade Ideas:
Buy above 2480, sl 2470 tp 2500, r/r ratio 1-3, Success rate 60%. Chance of trade execution this month 30%.
Sell in the range 2470-68 and below, tp 2450, sl 2481. Success rate 60%, Chance of trade execution this month 40%.

GER30 4h chart:

Buy above 12550, tp 12800; Sell below 12380, tp 12150;

AUS200 1d/4h chart:

Meanwhile, in regards to China's Hang Seng and Shanghai Composite:

Last time it went to heights like 28k for Hang Seng, it collapsed all the way to 18k. Will it be different this time?

Well at least it is known to be a bubble in the Hang seng economy, and not in Shanghai composite too:

Here it is, China A50, looks a bit more streched than Shanghai composite, showing that only the big companies went up:

Only the big caps seem to go up. The rest, not so much.

Bias:
European equities are starting to be preparing for a bear market.
S&P500 can go up from here or enter a small correction.
A debt crisis in China's economy can do a crash, that can drag the entire stock market down.