Is lagging SP500 by some 17% in USD terms this year.
Has been strong recently.
Is expecting a lot from Draghi's .
But DAX has huge resistance in the area 10200.
There is a possibility we just had a 1 year topping process.
It is difficult to manage large size future on this ballistic index.
Solution: Buy 8500 Mar put for 56... Invest 50bp. can multiply by 20 if things really go sour or you amortise 12bp a month.
But there has been over anticipation of the meeting tomorrow and I am not sure there is enough surprise effect to generate the 3% move on dax. Probably not actually... anyway i suggest 4 months options so 10050 or 10200 is irrelevant here.
I think the catalyst tomorrow will do.
everything is possible.
it is only trading game plan from here:
1) falls straight
2) shortable spike to 10200
3) extensive breakout to significant highs 11000/11600. A major event that would open the sky. (I dont believe but that is the bullish case)
Here my roadmap with the extended AB-CD max. target and its respective reversal targets. One staying in the trend channel and the other the "regular" one. My favorite reversal target is the "regular one" @ 9373.50, the monthly July close (MA200 on the 4H scala chart).