This diagram portrays the position from the initial 2020 Macro map which I posted on December 31st 2019. The position arose after I called the end of an economic cycle and positioned with the intention to defend. We overshot the lows and snapped back, it is worth pointing out that sellers have significantly better chances because of the strong resistance.
📌 Dax 2020 Macro Map
We got all of the ingredients at the ready, the construct of the breakdown played out as expected, and just like a bakery making a good sourdough loaf, the single difference between my loaf and the others was that the purity and clarity came from Vix:
Here the continuation of Covid and lockdowns will turn out to be too much to handle for equities. The numbers are illusory, valuations are over stretched, and governments on the brink of default. I would like to point out the easier and path with far less effort required to the downside in German Equities.
Targets: 11,590; 10,160 and 7,960
📌 Dax 2020 Macro Map
We got all of the ingredients at the ready, the construct of the breakdown played out as expected, and just like a bakery making a good sourdough loaf, the single difference between my loaf and the others was that the purity and clarity came from Vix:
Here the continuation of Covid and lockdowns will turn out to be too much to handle for equities. The numbers are illusory, valuations are over stretched, and governments on the brink of default. I would like to point out the easier and path with far less effort required to the downside in German Equities.
Targets: 11,590; 10,160 and 7,960
Comment:
French Equities CAC40:
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Spanish Equities IBEX:
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Surprised? I hope not...
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