We seem to be reversing off the top of this multi-channel area at 31.25. In Addition, RSI has bearish divergence and we also recently had a demark13 countdown which could signal an exhaustion in trend. Watch for a reversal to take place off the current area. Perhaps a move back to the 50day moving average which currently sits at +- 29.60 and rising daily, is a...
The German index came out of the 14-year-long correction (since 2008) in Oct 2023. Since then, it has made 5 waves up and 3-wave pull back. Now wave 3 of 3 in progress as RSI breaks above to erase all divergence.
News is bad price is up , most are short . 87 % of participants vs IG trader data , ill stand with the 13% that are long .
could be the wrong thing to do ;) ....
Well the doom and gloom news came out today and net short levels went up 3% to 78% .
The news is that Germany is officially in a recession .
The news is bad , the consensus is that this has to go down .
So, time to long , the temptation is to get long right now but my rules don't allow it , for we are below the 50 sma .
So in the bushes I go, to wait,...
In 2022, Europe faced a number of challenges that had a significant impact on the region. High energy prices, inflation, and the war in Ukraine all contributed to a difficult economic and political climate. It was predicted that these dark days would continue for longer than expected, but there were a few bright spots amid the gloom.
One of those bright spots was...
German 40 shorts are getting more and more aggressive , this has been the theme all year long , they refuse to believe that this is a bull market and continuer to short more and more .
**The same is true for:
Dow jones at 64% net short ,
US 500 at 63% net short
France 40 at 84% net short
and FTSE 100 at 85% net short
All the big markets are net short per...
European equities have been an out performers for 23 and I look for that trend to continue. This can be accomplished by a long position in EWG - iShares MSCI Germany ETF. At the moment the rally should be entering a good supply zone so I will look to add to longs on any pullback which should be short and shallow.
Hey everyone , so those that looked at my previous ideas know that I was pretty good at posting profit targets and stops last year .
I think that was an important step for me to get a consistent process down , I am still following that exact same trade management and have no intentions of changing it , trading like that gave me a positive expectancy in a very bad...
I'd still remain short on German Equity
Right now currently testing support of trendline after gap up, last time this happened we saw the failed gap up turn into more downside.
Holding dated puts on this name already for the past couple weeks.
FDAX (DAX futures) is overbought, and nothing that happened this week (elections and Fed meeting) fixes COVID. Europe is still going into lockdown....
Bearish for next week, I think the market gives up some of the gains from this week..... possibly even tanks. We'll see.
