FX:US30   Dow Jones Industrial Average Index
222 5 2
- Heavy volatility
- Shorts seem to have won short term
- Bulls need some (very) good news to keep on and this may happen when Mr. Draghi and the ECB makes the official QE announcement this month?
- The reaction from the markets could from my point of view actually be the opposite - that the market tumbles down despite the above mentioned QE
- Earnings season in US mixed?
- Looking for short opportunities to reach 1. and 2. target displayed on the chart
Your prediction is quite accurate by now! Has a double top on the daily chart formed?
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RCP_ ShaohuaLi
Yes I consider it as a double top, although the latter is not as weak as you could hope.
I was a little to fast with the DAX and missed it. The DAX is clearly catching up on the US market, but we are still to see whether the current strength is just echoes of the QE announcement. I'm quite pessimistic ATM short/medium term.
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Yeah I also feel DAX will be dragged down once US30 breaks the current support.
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Market looks ugly today. Moving almost according to plan
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Well, US markets reacted favorably today to Draghi's announcement ($1.3 Trillion QE, open-ended), but will it last? Greek elections up next....will Syriza negotiate new repayment terms in good faith?
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