Hi stockSMASH, thanks for your comment, i will not play the short side here, i see that the 50sma is there and probably we will have a retracement. i am more bullish on sp500 than dax30 atm, due to the fact that sp500 already broke the 50% and 61% of the entire down move. so my strategy is not to be a seller here but to add on dips against the 1820 low on sp500 and to hold my dax long position. If this up move wiil turn out to be a B move in a larger ABC i will buy the 100FE again. your view and comments are very appreciated. thanks
hi phaneroboy, could you share where is your SL for LONG positions and when do you plan to buy more LONGs? Now i am outside the market, sold all my LONGs because i see some risk for downside move. What is your view on DAX situation?
Hi Trandom, i will be out of office all day, so i will post charts tomorrow. My SL on dax are set at 8560 area (i already took and locked good profits). Next buy area for me is the 50% retracement (8725 area) or the 100%FE but i need to see how the corerction will develop to have a level. I am shifting my long attention to sp500 that in my opinion is more bullish than the dax right now (broken 50 and 61.8 shorts lines).