New ATH, lol. Doesn't matter if they're in a recession because ECB said they'll pause. This is about the dumbest thing I've ever seen the market do.
Anyways, overbought on MFI and RSI. Be careful holding any long positions overnight.
The possibility of the stock index falling at the opening of this week
Due to the stretching of the resistance level in the time range, there is a possibility of falling from the level of 16600 to 16700
FDAX hit the top and went overbought on RSI and MFI.
Probably more whipsaw next week, staying cash. Hate it when indicators for different markets don;t match up, causes a lot of whipsaw. None of the US indicators are overbought yet.
Overbought on RSI and approaching ATH.
Somebody has to explain to me how a rate hike is good for Europe, lol, especially when they're already in a recession.
Looks to me like they want to hit hat double top tomorrow morning, but PCE numbers will probably dictate gap direction for the US makret
Germany, Europe's economic powerhouse, has consistently delivered impressive performance since the Global Financial Crisis (GFC) and the European debt crisis. This strong performance is rooted in Germany's strong manufacturing sectors and robust export activities.
The country's economic strength is exemplified by the DAX's considerable outperformance of other...
2 scenario on Dax possible
ALERT= personally I belive up ,,,but if low break,it is sellsignal ,,,if you have buy,you must put hedge sellstop in last low
gooooodluck
Got the dead cat bounce we all expected, but man does it still look bearish.
Looks like the Euros finally realized they are in a recession with rates still going up.
Not really sure what happens Monday, staying cash over the weekend.
MFI and RSI both oversold, but it looks like the Euros finally realized they're in a recession, lol.
Expecting a bounce tomorrow though because it;s Friday and also because it;s oversold.
In this update we review the recent price action in the Dax futures contract and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
personally I belive Dax going to 19000 area(filo 161% weekly show 19000) , so be careful from any sell
above 3 green arrow , when on 15-60-240-daily you see buypinbar, dont fear buy with SL in pinbar low, understand?
wish you win
