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After a shaky Monday with nearly no volume and a well volumed Tuesday
with a little down my expectations for Wednesday:
1) Sharp downmove possible
2) good to very good volume (maybe the last before summer holidays)
3) 9600 might be let alone ;-)
4) price might drop quite a lot if above scenario is seen... (9350 to 8600 in extremis)
5) from that point the markets will have little volume and will no longer be tradable until mid August
Only concentrating on volumes per hour of >15kcontracts of the Dax future:
last positive peak was on July 3rd (15:00 to 16:00)
all consecutive - and there were several > 15k were drops!
Today we had from 16:00 to 17:00 a drop with a
volume >15k which can show some change of mind (cashing in).
So we are well positioned for the Wednesday trade:
short of course - depends on time intraday.
We will see details tomorrow.
The above posts say the 9600 is a crucial zone.
That can be seen of the Ichimoku cloud (daily price) at 9608.
If this line is broken some FIRST downmove to 9350 will be obvious.
A second drop to 8650 can happen - of course a reversal near 9600
should be made first.
In the low volume weeks coming - such price dictate may happen
and one should not be to risky to stay in a trade (or trades).
My goal is to skip the last July weeks and the first August weeks
as they normally tend to be flaky for the system.