The European tech sector has now made a new high to suggest a completed impulse wave, from not only the 2016 lows (world markets bottom in Feb 2016) as well as the completion of a larger impulse wave that started form the 2009 lows.

So far the DAX has failed to follow the SX8P to new highs, although I am currently watching 2 ideas on the DAX that can either suggest a top is in and a new bear market has started (current rally is the end to an expanded flat for wave 2), or the DAX will make a marginal new all time high to end its respective 5th wave from the 2016 lows. If tech stocks in Europe reverse and decline impulsively to the downside. I favor it also weighs on the other European markets such as the DAX and Euro Stoxx 50.

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