I am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet,...
I would prefer to see the short side here, and get pushed back into a more buying range, ideally It should spike through 9176 to get a real strong aim for 10K in my opinion. Other than that it will be ranged
I believe we are heading for a short term short with a new stabilisation after a few weeks when the dust settles.
I prefer to take a short here and wait until it passes my blending zone, where I can add more long positions until the bottom.
Running two shorts atm - 12079 and 11919
After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 -
Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short.
Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...