I will buy the dip but only when the dip is over. Be patient. QE3 ends in October and you know the behavior of the markets when QE1 and QE2 ended? No? QE1 dive 17% and QE2 dive 22%. So my target around 8750 level make sense, for now.
QE3 ends this October and stock markets will dive before ECB or FED interventions. When QE1 ended stock markets dive 17% and when QE2 ended dive 22%. My target still around 8750 level, then i will see.
QE3 ends in October and you know the behavior of the markets when QE1 and QE2 ended? No? QE1 dive 17% and QE2 dive 22%. So my target at 87xx make sense. DAX this week CAN make a final push until ECB meeting this thursday.
DAX is fighting with 50 days MA. Last time (26th June 2014) when DAX begin some correction 50 days MA reject the move and turn up again. Probably this time will work the same way, but my 87XX target still in place.
Miss my upside target for 60 pips... is nothing. For me is time to get SHORT positions and wait.
DAX has still room to go 983X level. I this level i will open a short position. Target 8700.
DAX is near to begin the correction at 98XX level. My target is at 8700 level. Put your helmets
A very important resistance is at 9800 area. Any close above 9800 DAX will go for new all time highs. If 9800 hold a H&S formation is on the way, see 3 RED BOX in the charts. Any weakness from US indices, will hurt DAX. My target still at 8700 level.
Surprise, surprise ECB cut rates yesterday and boost again stock markets. A very important resistance is at 9800 area. Any close above 9800 DAX will go for new all time highs. If 9800 hold a H&S formation is on the way, see 3 RED BOX in the charts. Any weakness from US indices, will hurt DAX very bad. My target still at 8700.
Today is European Central Bank meeting and i expected they will do nothing this time. Do not forget this weekend European Uniun can approve new sanctions to Russia. DAX still inside the descendant channel. React from the 8900 until 9600 (61,8% retrace) for me DAX in a new leg down until 8700 level. This is time to TRY kill longs. Short term - still in...
DAX still inside the descendant channel. React from the 8900 until 9600 (61,8% retrac) for me DAX in the 2nd leg down until 87xx level. This is time to TRY kill longs. Only a close above 9600 i change my view. Short term - still in correction Long term - bullish
DAX still inside the descendant channel. React from the 8900 until 9600 (61,8% retrac) for me DAX in a new leg down until 88xx maybe 87xx level. This is time to TRY kill longs. Only a close ABOVE 9600 i change my view. Short term - still in correction Long term - bullish
Another day and DAX still in correction, inside the descendant channel. We have another HL at 9700 , nothing change, lets see where DAX will go to make a new LL. I do NOT ADVICE open short positions at this level. Wait for the upside. Supports: 9480 (50% retrac) 9350 (61,8% retrac) Short term - still in correction Long term - bullish
Another day and DAX still in correction, inside the descendant channel. We have another HL at 9700 , nothing change, lets see where DAX will go to make a new LL. I do NOT ADVICE short positions a this level. Wait for the upside. Supports: 9480 (50% retrac) 9350 (61,8% retrac) Short term - still in correction Long term - bullish
DAX is at the inside the descendant channel making LL (Lower Lows) and HL (Higher Lows). At this moment DAX is in a journey to test the top of channel again. Lets see if break the pattern and a close above the last HL (at 9810) will be consider bullish. If reject the 9810 and make a new HL more downside will come.