Following weekly chart, this is a mid-term target. There is a clear Cup & handle formation for weekly chart. First target will be handle target , 14930 Second one will be cup target and will take some time to reach, 18200.
dax must move with 10 year bond yeild against euro bond and 10 year bond note= in trade dax we dont use these , in europe open dax traders watch little eurousd (not very important,10% effect)and in evening after US NYSE open we watch dowjones(50% effect) only ,for dax traders these 2 enough secret= more that all indicators STOCHASTIC and EMA200 is...
Almost overbought, we'll see Monday morning i the Euros join the pump or dump it instead.
Damn Germans ruined the fun by rebounding before the US market opened. Looks like this turd is headed up as well
after many request from Eurex ,now eurex adding micro dax (like cme micro sp500) now all CFD and metatrader and low money can trade dax fut with 200-300$ margin directly in EUREX frankfurt exchange with clear execute and spread=0.5 point witout pay swap per day (point value will be 1euro per 1 lot,,,however i hope they make it lower to 0.1 euro per point)...
we see new crash wild down comming to 14000, we 100% advice dont buy above 14500 AC(or stoch 5-3-3) in 4 hour chart turn red now prnt.sc you must put these orders(green,red arrow above ) all sl=40point if you have old sell,doont fear ,put all sell tp=14200 for (until march 30) dont fear looking for sell on dax ,looking buy on gold(symbol=GC1! or xauusd) WE...
Based on what we've seen lately, it appears the DAX gets one final pump before it starts whipsawing down. Remember, Europe impacts morning gap direction. Looks like it might gap up tomorrow, but pretty bearish after that.
On both MFI and RSI. We'll see how long they can keep this from collapsing
Which is why I'm not bullish yet. I think it backtests the old high. Stupid thing comes crashing down, it drops futures with it. Watch it happen Monday, would seem apprropriate lol
Germany went up 2.5%, explain the morning rally but the US is selling it off causing a big whipsaw. Not sure what's going on in EUrope but yields are rising.... and AAPL still looks weak. Tonight will probably be a reverse where Asia goes up and EUrope goes down, lol. More whipsaw coming.
we have open gap in down dax must fill it AC 240min is green so monday, buyer will comes dax is above daily Ema200 so we looking for buy only,not sell STRATGY =dont forget cash xetra dax yesterday close(at 17:30 CET) price is very important ,in 7:00 am CET when price is down from xetra dax close price we inter buy again in 9:00 CET when frankfurt open,if fdax...
Went overbought after open and dropped sending futures in the red before US open. I think the market gaps up tomorrow morning, but no point in holding calls overnight until FDAX fills those gaps below. Probably safer to short the pumps with bond yields rising.
I think FDAX needs to fill the gap, another reason to head further down
Yet another reason why I expect a bounce tomorrow. Not feeling bullish though, so no positions.
Looks like MFI got close enough to oversold to get a bounce. Probably hits overbought on RSI again. The problem is that HSI is overbought, so probably a whipsaw overnight. No gap direction for tomorrow.