DE40 so far, all match the expectation and retraced back to 23600 and bounced up from. This level is very powerful And will keep pushing the price to the upside regardless any minor retrace
DAX I wonder if it will have enough strength to close above the descending triangle today. Could be a bullish sign to enter 24,000+ again, albeit short term. At some point SP500 has to correct, so that is of course a risk. But most likely that won't happen until the rate cut next week.
DAX Dax really is losing ground on SP500 lately, the ratio is getting hammered. Maybe DAX is oversold relative to SP500 atm? I still am generally bearish, but I think SP500 has to have a correction before we break down below 23,500.
GER40 The reason behind current price action is not technical but fundamental, so cut your resistance or 1H candle theories as of now please.
This will fall further, and the reason?;
Market will face with Fitch rating on France later on the day, and based on 113.9% debt to GDP and current government instability, there will be a cut for France -either on outlook or on Rating which will push this further down.
DE40 glad that what was expected yesterday, happened.
((DE40 be careful from a retrace from here. I do not mind if it will go up. We could go back to 23623 or 23600 Most important then to bounce from them!! Otherwise....))
((DE40 I see that price could retrace a bit. The pump was not that promising. Could go to 23718/734 first. May they wait for USA CPI reports first))