IMHO,
Draghi has performed the ultimate resort of using a "defibrillator" (QE) in the hope that it pierce through that channel top. If it does, i can see the previous blue region repeats.
issamWW
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YaKa
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Hi Issam, easier if you post your key idea here. Following you... Can't be in too many places at the same time... or at least post a link here when you believe there is something interesting.
jeanbaptiste.laurent.94
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I really belive that the spx have gave back enought for now , I belive we will retest all time high before having a real short opportunity ,the dax in th le other hand it s another story , it s all artificially high because of ECB Q E and it is due for a correction
YaKa
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JBL, i d like to believe you.
BUT
the real short are rarely offered on silver plate... I d dream to get another shortable top at 2140 on spx while bund is also overbought in the 11300 area.
The resistance became too obvious to be reached again i think. It s going to force to take risk in the middle of the field.
Recluse82
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on the monthly there is a beautiful rsi divergence and right now kissing the rsi decending trendline third times
YaKa
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on dax or sp500 or both?
Recluse82
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dax but actually both
YaKa
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True - so far it not reach the top. That could be a divergence.
For that matter, the way i read it, it could also mean that the top could be higher when RSI will reach the top again.
In this config, i would be more comfortable if rsi was showing overbought territories...
we will never have all the indicators giving signal all at once though...
Recluse82
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on the monthly dax there was 3 top. 1. around 9800 2. 10k 3. 10800 the price is climbing higher nevertheless rsi is making lower highs
Draghi has performed the ultimate resort of using a "defibrillator" (QE) in the hope that it pierce through that channel top. If it does, i can see the previous blue region repeats.