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Even I ended the trade - the bearish move hasn't finished.
So getting down to the "404" which had been mentioned this week?
Probability is high.
We will see - happy to see my previews in range.
Asia deep red: Mumbai -2.53%, NIKK - 2.23%, Hang Sen - 1.83%
btc: sideways @ 47k
numbers: none
speeches: none
DAX price is south of all Kumo's: 30m, 60m, 1d
15200 line killed 07:35
15100 line killed 08:35
DAX hi/lo previous day: -193 points. Pre cash gap (8:30) -312 points!
IB today @ 15186 which means a gap of - 233 points to the low of Friday
REASON - Biden's household package of 1.75B which had been vanished + Omicron variant
GFIs1
Outlook: looks not good for the normal year end rally - that one seems now turned in the opposite direction. Means the good points up in the markets for this year are shrinking quickly.
DAX short 9:30 to 17:30
entry @ 15190
exit @ 15233
result - 43 points
GFIs1
edit 10:12 - Now the battle at the 15k line begins. Next thin support @ 14815
edit 10:22 - a max low will be reached on December 28. Just watching form of daily Kumo
You mentioned two reasons why the markets do move down. You mentioned "Biden's household", which was killed by "Manchin" with his Announces: He Won't Vote For Build Back Better" and you mentioned "Omicron", from which no great danger of illness emanates. It is simply a little more contagious than the other fear-mongering variants pushed from the media, but the people are once again so confused by the scaremongering of the mainstream media that this simply has a bad effect on the psyche in general.
I think there is a third reason, at least in my opinion, and this counts specially for Europe: "Power Prices".
Of course there are a BUNCH of reasons why the world economy is under pressure before start of next year like inflation, supply chain longtime problems, rising base product prices, rising interests (change in interests etc. etc...) The reasons I mentioned are just two new ones.
Having studied economics at the university (Switzerland) I think I do have some bigger picture.
Coming to today's trade - that was difficult to predict in the outcome. Some negative trades do not hinder to take any future trades. We could have seen 15k battle already behind us (time of writing this). But this one is on the road until Dec 28 as written above.
GFIs1
PS: "rising power prices" are part of the inflation, dictate of policies by countries (see North Stream 2) which is under political influences - even the NS2 is the same as NS1 (2 tubes) which works since 2012 every day on the same route (I know the project from inside). Then we find plans of reducing coal to power, stopping wind projects, inability to stick to plans for being independent of supply from foreign delivery etc.., looking to install new nuclear plants - instead of taking the old ones off the grid. I could go on on...
I agree with all what you say about the economies and its influence in various ways to different markets. And yes, as already seen in your thread: One difficult day is even for you of no problem for your proved trading psychology and your methods.
