Getting ready to short Stoxx 50

[SunTrader]

Just posted this in the ES journal: Euro indexes have major divergences on weekly charts, most at ATH, US earning season almost done with, NDX has not cleared previous major resistance level hence to say I am still alive LOL, SPX could have double top in it too. I smell a correction. We are due a correction technically, unrealistic to just keep advancing on the back of NDX

Surprised YM wasn't weaker earlier with AAPL down more than -1% for a while today.

edit: wasn't weaker, not was weaker

 

[Master Pu]

And Germany enters recession

 

[maxinger]

And Germany enters recession

Dax futures broke a record high a few days ago.

It is time for Dax to descend the mountain.

 

[Master Pu]

Dax futures broke a record high a few days ago.

It is time for Dax to descend the mountain.

Amazing how price action near the ATH coincides with recession announcement.

 

[maxinger]

Amazing how price action near the ATH coincides with recession announcement.

It looks strange.

During recession, those dax investors are earning tons and tons of money.

 

[Master Pu]

Shorted DAX

 

[SunTrader]

Isn't a little late to be doing that?

 

[Master Pu]

Isn't a little late to be doing that?

not if you look at the weekly chart, hopefully

 

[SunTrader]

not if you look at the weekly chart, hopefully

But there's a day left to the week?

Guess that is why you ended sentence ..... hopefully.

 

[Master Pu]

But there's a day left to the week?

that is true, do you see it shooting back up tomorrow?