Captain_Walker

HEADS UP! Has the DAX stalled?

FX:GER30   DAX Index
As you see on this 30 min time frame. The DAX is almost flat in its leading edge.

Some try to find out what this means. It doesn't matter what it means or what's going in there.

There are only three directions: UP, DOWN or SIDEWAYS.

What do you do here? Difficult to say, because price can suddenly break out north or south. Whipsaws are quite possible too.

When in doubt stay out, and wait for a clear trend to establish itself. Alternatively if you have cash to burn take a stoploss long or short (at your own risk).

We shall have to wait and see - but this is one to stalk.
The S&P 500 is now overvalued 26 times earnings. And now there is trouble in 'Chinatown'. [Different perspective on the virus https://youtu.be/NjTdvALChwk ]

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Break out pending....
+1 Reply
@RossTyler, 👍😉😃
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