As those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities and rule out any possibility of setting new all time highs. This is crunching time for the Fiscal side in Europe, if Germany start to use the fiscal side then the logical follow up is EUR long:
An ingenious swing move, which is extraordinarily difficult to trade without knowledge of the fundamentals in play. Bulls have all the time been operating in stealth mode, whereas bears starting to go overboard in a counter attack. Mother Nature is taking care of these errors, all at once. In most circumstances she would have turned a blind eye, although from time to time intervention is necessary with a gentle smile and turned cheek. The diagram in Bund Yields highlights the underlying issue:
The sacrifice of the 12886 lows in DAX creates freedom for the waterfall manoeuvre. Otherwise sacrifices on the topside (only via a sweep) are still possible. See for example the following flows in CAC:
The fact that this attack was able to clear the highs, shows the two different battlefields in play for Europe. The exchange of flows in Europe is particularly worth expressing via DAX shorts with 2020 outlooks all set and ready to go. In the long term, remember to consider the US Equities chart:
To secure the position; invalidation and reassessment only necessary with a break above the highs. To the downside, initial targets enter into play at 10,500 ... we will cover and update the flows live here.
As usual thanks for keeping the support coming with likes, comments, questions and etc! Feel free to jump into the conversation in the comments with your views/charts.
Your opinion against the dollar and the Turkish lira was very successful. Thanks to your ideas, I had the company buy raw materials and fixed the debt in dollars. Ascension no longer brought additional burden and responsibility. The dollar rose so fast and the company hit two birds with one stone. And they promoted me as district manager. Turkey related to the stock market (XU100) Do you have any idea? Thank you.
whats the updates here? highs are broken or you expect 13650?
smifflar
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you looking for targets of 13650 or 13830 now the highs are being broken as we speak? updates on your views?
ridethepig
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As long as the highs are holding @smifflar there is nothing to update
ridethepig
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Hope it is a lot clearer after the fact now @smifflar
Constantin_Cristian
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Good morning,very interesting charts,and similar view here,but don't you think a false breakout above the high untill 138xx is possible in the first half of January before the drop? Thanks!