German DAX has pulled back to the 50d sma and 38% retrace of the move up of the last few months (since last time it touched 50d sma). Looks like we may get another leg higher despite the clear lack of supportive fundamentals/geopolitics. Think we see 18600-19000 before a bigger effort to correct.
Long 17800 tgt 18800 wroong below 17400.
Comment
⋅
Well three weeks later and we are up 1000+ points (6%) and at the target zone. Take partial profits here and put a stop now at 18300 and roll it up if/as we go higher hoping for 19000 (DAX likes big round numbers) where will likely take profits on remainder of posn.