There are still big Risk factors in play for the rest of the year caused by Brexit and tumbling southern Euro countries. Also keep in mind there are elections in the USA… So in Q3-Q4 it can be choppy also in the US Equities.
Nothing new from QE Front. ECB still pumping and ready to use all tools to archive thier goals. That normaly should chill out markets but vola. in DAX and EUR shows traders are still concerned ( as me to ). We see a Grind up in DAX last few days but my opinion is it is only dragged up by S&P. There is a Major RES in DAX around 10400-10.500 after that this is for me “potantial” longterm buy signal. All levels below are only daily for intraday trading.
Here my Longterm ( NOT INTRADAY TRADING!) DAX Map. But keep in mind that S&P can drag levels with it.
Nothing new from QE Front. ECB still pumping and ready to use all tools to archive thier goals. That normaly should chill out markets but vola. in DAX and EUR shows traders are still concerned ( as me to ). We see a Grind up in DAX last few days but my opinion is it is only dragged up by S&P. There is a Major RES in DAX around 10400-10.500 after that this is for me “potantial” longterm buy signal. All levels below are only daily for intraday trading.
Here my Longterm ( NOT INTRADAY TRADING!) DAX Map. But keep in mind that S&P can drag levels with it.