DAX is incredibly weak since some time now vs US markets ...
This chart is poiting straight down from bear flag ... retest of August lows is on the horizon ... new lows to come ?
Good Luck !
Comments
marti_marti
⋅
Bear Flag broken ... let me estimate the down move Target Zone : 9380/9220
Good Luck !
milando24
⋅
Marti, target met, prospects for L positions may be in the play (however, bearing in mind that the S&P500 did not set the lower low, as yet...)
marti_marti
⋅
milando ... I would be very carefull with long positions as we did not seen 9200 mark yet and as you pointed out S&P did not make lower low yet , there is a risk that the wave will be extended ( if this is big wave 3 ? ). September ends today ... is there something out there to hold/rescue... ?
Good Luck !