Germany's DAX Confimring MAJOR Market Top. Equity Markets Breaking Down Globally

I spoke here about the state of a few global equity markets and the fact they there was a sychronised breakdown. However, at the time, the DAX hadn't quite made a clean break through the head and shoulders neckline. That looks to be changing today. Should price close around current levels, a major topping pattern in a major European bourse is confirming. This is a significant development and one that could weigh on European as well as global markets for some time to come.

The trend is clearly lower from here.