XETR:DAX
The macro condition is continuously deteriorating. Record braking inflation across the Euro Area, worsening supply chain issues, declining PMIs and lower consumer confidence. It's a non-stop barrage of negative news. Surprisingly enough, though, the indices have been having a great time.
But the last ray of light is about to be clouded with the ECB...
VANTAGE:DAX40
A possible bounce from the top of symmetrical triangle combined with an Elliott correction wave may give a good shorting opportunity but we'll need a convincing close below the trendline.
