Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart.
Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
Can we expect a collapse of the Europezone?
*As Goldman predicted*
A Monetary divergence
This step is likely to be followed by the Federal Reserve's (Fed) decision in the opposite direction to raise interest rates for the first time in nearly a decade at the December 15-16 meeting,
Just Playing & Guessing Possible scenarios for the hereafter.. 2015 / 2016
Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) .
SHORT TERM - BULL
LONG TERM - BEARISH
See chart to understand my view...
