DAX Trading Map Update

FX:GER30   DAX Index
833 4 8
Catalysts at play:
1) Benefiting from a thrust from an oversold situation on key support.
2) Quarterly option expiry next week which is a pull on delta management.
3) Greek deal which could be reached despite media alerting tone.

> I would take profit on 2/3 of my long position at 11,500 and play the last bit up to 12,000 in 10% size.
> Move stop to entry at 11,000 (on close).
> 12,000 would be a fantastic short towards the end of the month – factor excess 12,200 on emotional announcement.

Watch on intraday stops, with DAX             , there can be airpockets of up to 500pts intraday (like what happened on SNB announcement in January). Hence my stop on US close.
Greek Deal potentially at 6pm GMT Tomorrow.
I hope so. If so, i hope there will some nice relief before resuming short.
+1 Reply
Assuming there will be a correction in US markets around september,DAX could drop to 10k-9500 around that time.
I think this chart needs an update. Did you close your long on Monday?
in your opinion how's DJI shaping up... rate hike next week???
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