DAX & FTSE spreads

Dusting off my weekly chart of the DAX 30 spread market, it seems that we may be finding support from the top of the main down channel from the all-time high, as well as from the 50% fib retracement from the May 08 high.



And a zoomed in view on the hourly DAX



FTSE is at a similar juncture but looking weaker if anything