Hello my Friends, Traders and Interested,
uhhhh, what a week until today. It took just 4 (!) days to kick the DAX to my bottom -Target, according to my past TA.
If we should see more dropping tomorrow, it could be one of the biggest week-loss in near history. And, I do expect tomorrow more dropping.
Reasons:
1. we had a big big bubble, created by the Fed and other Central banks, which printed money like nothing. But why did they? They wanted to push the markets and tried to ignore the economic data, which indicated incoming problems. And the master behind this shit - pumping.
Donald T. His narcisstic personality was and is not able to accept, that under his leading an economy could weaken.
The only thing he could do was to give maximum pressure to the FED. And they followed him.
2. due to the FED money printing some companies grew like they have eaten Viagra. ( Tsla , Apple and and and). Tsla to nearly 1000 $.... what a bullshit. Tesla more worth than Daimler and Volkswagen together? Everyone who believed that......... your fault-
3. yes, of course, the corona virus. Its a virus, not more not less. It is not much more dangerous than others ( Ebola, Sars etc) , but the world is much more connected than anytime before.
Therefore, the laboratories are forced to develop effective drugs much faster than ever before. And due to the close networking of people, the virus can of course spread excellently. And this fact will increase the infections rate the upcoming days
enormously. And therefore more Panic will break out. And this is heroin for the sell off markets.
According to all above described, THIS WILL NOT BE THE END OF THE WORLD.
We might see a crash, yes, but this happended in history often, and we always came back. This time as well. But, this crisis will be big. My opinion.
Okay, in my chart you can see a few trendlines, in my bigger picuture here:
you can see the course of these lines.
Tomorrow I do expect an ongoing drop. Why? Not only because of my three statements above. Tomorrow, last day of this week, I do expect, that a lot of still open longs will get closed. Under these corona circumstances it would be too dangerous to still let them open. On the weekend we could see a sharp increase of infections, and that would give a bad monday opening.
So I do expect tomorrow a fall to the black line ( around 11.8k -11.9 k) . Then next week a retest of the blue bottom line of the big ascending channel.
What might happen after this? more down I think, to around 10.9K. We have a support here from last low on 11.2 K ( August 2019).
Next bearish target: Dez 2018 Low, at around 10.2k.
Okay, not looking so much in the future, lets see, what will happen the next days.
As always, this is no trading advice, it is just educational.
Trade safe and trade on your own risk.
All the best Sascha
A Like and Follow makes me happy
uhhhh, what a week until today. It took just 4 (!) days to kick the DAX to my bottom -Target, according to my past TA.
If we should see more dropping tomorrow, it could be one of the biggest week-loss in near history. And, I do expect tomorrow more dropping.
Reasons:
1. we had a big big bubble, created by the Fed and other Central banks, which printed money like nothing. But why did they? They wanted to push the markets and tried to ignore the economic data, which indicated incoming problems. And the master behind this shit - pumping.
Donald T. His narcisstic personality was and is not able to accept, that under his leading an economy could weaken.
The only thing he could do was to give maximum pressure to the FED. And they followed him.
2. due to the FED money printing some companies grew like they have eaten Viagra. ( Tsla , Apple and and and). Tsla to nearly 1000 $.... what a bullshit. Tesla more worth than Daimler and Volkswagen together? Everyone who believed that......... your fault-
3. yes, of course, the corona virus. Its a virus, not more not less. It is not much more dangerous than others ( Ebola, Sars etc) , but the world is much more connected than anytime before.
Therefore, the laboratories are forced to develop effective drugs much faster than ever before. And due to the close networking of people, the virus can of course spread excellently. And this fact will increase the infections rate the upcoming days
enormously. And therefore more Panic will break out. And this is heroin for the sell off markets.
According to all above described, THIS WILL NOT BE THE END OF THE WORLD.
We might see a crash, yes, but this happended in history often, and we always came back. This time as well. But, this crisis will be big. My opinion.
Okay, in my chart you can see a few trendlines, in my bigger picuture here:
Tomorrow I do expect an ongoing drop. Why? Not only because of my three statements above. Tomorrow, last day of this week, I do expect, that a lot of still open longs will get closed. Under these corona circumstances it would be too dangerous to still let them open. On the weekend we could see a sharp increase of infections, and that would give a bad monday opening.
So I do expect tomorrow a fall to the black line ( around 11.8k -11.9 k) . Then next week a retest of the blue bottom line of the big ascending channel.
What might happen after this? more down I think, to around 10.9K. We have a support here from last low on 11.2 K ( August 2019).
Next bearish target: Dez 2018 Low, at around 10.2k.
Okay, not looking so much in the future, lets see, what will happen the next days.
As always, this is no trading advice, it is just educational.
Trade safe and trade on your own risk.
All the best Sascha
A Like and Follow makes me happy