christian.langfors

DAX GOING DOWN THE DRAIN

EUREX:DY1!   DAX Index
213 1 4
dax
The current drop is too much too fast, although there might be some fundamental issues in the background. We had a similar setup 2011 where DAX             dropped very fast in a single month. From a technical perspective, I'm neutral at the moment, i.e. too much of a risk to further short right now, but also front running going long at this stage.

Expect rebound but more action on the downside in the near future.
Rebound stronger than I had expected, but look for similar price action if the week closes in red
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