Short DAX at 7740

Quote from JSSPMK:

I think 'sell a lift & claim your gift' (I like this rhyme) is still in order, short 3 (triple divergence on 2). Stops above today's high.
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Stopped out and re-shorted off 2 min histo
 
Quote from JSSPMK:

Stopped out and re-shorted off 2 min histo
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You play it from short side ? Seems to me we might see some short squeeze today as almost "everybody" is convinced of a slowdown of U.S. economy. :)
 
Quote from ASusilovic:

You play it from short side ? Seems to me we might see some short squeeze today as almost "everybody" is convinced of a slowdown of U.S. economy. :)
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the majority is convinced of a strong bounce today. Also paying the short side.
 
Quote from ASusilovic:

You play it from short side ? Seems to me we might see some short squeeze today as almost "everybody" is convinced of a slowdown of U.S. economy. :)
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ImO, considering how charts look (1-4 hour) I would be skeptical to play it long, if we were to hit a very important support zone, then price should have put in either a hammer or a solid engulfing bar on say 4 hour chart, also histogram just doesn't look bullish on any of the frames that would indicate a dip. I mean a dip it might be, I am just not ready to lay it out, unless I see something worthwhile.

Assuming the above I would also assume that other savvy traders are not willing to buy right now, it's upto big players to hold support and I do not see it happening. It's either bounces strongly and I miss initial move up OR there HAS to be a build up on 1-4 hour chart, which I don't see.

So again assuming all above is logical I would rather play it from short side for now.

Also 20 average slope on 1 & 2 hour charts is just way too radical even for me :)
 
Quote from JSSPMK:

ImO, considering how charts look (1-4 hour) I would be skeptical to play it long, if we were to hit a very important support zone, then price should have put in either a hammer or a solid engulfing bar on say 4 hour chart, also histogram just doesn't look bullish on any of the frames that would indicate a dip. I mean a dip it might be, I am just not ready to lay it out, unless I see something worthwhile.

Assuming the above I would also assume that other savvy traders are not willing to buy right now, it's upto big players to hold support and I do not see it happening. It's either bounces strongly and I miss initial move up OR there HAS to be a build up on 1-4 hour chart, which I don't see.

So again assuming all above is logical I would rather play it from short side for now.
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I just asked because all Brokers / Banks are green on my screens...even CITIBANK ! :)
 
Quote from ASusilovic:

I just asked because all Brokers / Banks are green on my screens...even CITIBANK ! :)
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Price always oscilates, that is nothing to wonder about. My main view is that price either really really bounces OR there has to be some sort of basing period, Jeez, just look at 20 average slopes on 1,2,3,4 hour charts, you can easily arrange another ski slalom there :)
 
Quote from JSSPMK:

Price always oscilates, that is nothing to wonder about. My main view is that price either really really bounces OR there has to be some sort of basing period, Jeez, just look at 20 average slopes on 1,2,3,4 hour charts, you can easily arrange another ski slalom there :)
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finanziell-slalom-~-bca047.jpg
 
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