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Interesting range on Dax cash hours - 173 points!
Volume boosted to 135K..
The correction is on its way.
Today's IFO numbers were not that important as the
political base shows uncertainty.
Seems the main theme right now to take out some
heat out of the markets - no real news in sight
concerning company numbers or change at the
interest rate front.
Next days will show the reality for the markets
GFIs1
This was long overdue compared to the development of the US markets. In comparison to the ES e.g, the fair value for the DAX should be around 8040/50.
Lets see if we get to this level.
Yes - thanks @Abde
We will reach this level and even some lower ones.
The summer low volume is now history.
As well as the important company numbers.
From FED et al we are not getting serious news too.
So all the attracted new investors will see very soon
that everything they bought was on the highest
price...
These latecomers will be out first.
Economists have a word for this phenomenon:
Last in - First out!
Yesterday the majority of traders was all day long and the DAX crashed. This is most of the time so that the DAX does exactly the opposite of what the mass is expecting.
Yes @GFIs1 there is a similar page from the Scoach. But I like this one more because the DAX chart has the same time axis as the sentiment chart above it.
We are in a very interesting place right now looking at the Ichimoku chart.
Have prepared here a chart that shows how price is trying to pass the daily Kumo.
Two scenarios
1) price may find a low here and crawl up along the red Kumo (which is not highly probable)
2) price is wandering through the thinnest part of the Kumo right now - which is highly probable.
Have put 2 support levels to see some rejection - but really lower prices after passing these
levels may show up til' the end of this year.
Well we are really at an interesting place here! But from my point of view I wouldn't say that a break of any Kumo is highly probable. A Kumo stands for support. So why not wait for a break before getting too exited about shorts?