Punting on Futures

[edgetrading]

The DAX is sitting on technical support.

My gut instinct also tells me that it's about to make a big move upwards.

I am therefore long a shedload.

 

[zf trader]

Funny I was just looking at a dax chart thinking to would find resistance at 5500 on the future. So much for that idea!. I think that we are looking at a week of classic summer trading and the dax will end up more or less flat on the week. I am looking to fade moves using options, although I will likely use QQQQ options depending on Vols

 

[Dogfish]

Quote from edgetrading:

The DAX is sitting on technical support.

My gut instinct also tells me that it's about to make a big move upwards.

I am therefore long a shedload.

Good call.

 

[edgetrading]

I have no view today and am going home flat.