Short DAX at 7740

Quote from JSSPMK:

Monthly - bearish
Weekly - bearish
Multi-day - bearish
Daily - bearish
4 hour - don't know what to make of it, could indicate a bounce to some I suppose
2 hour - like above, don't see anything worthwhile
1 hour - like 2 hour
30 min - same
15 min - same
10 min - same
5 min - indicates sellers have control for now
3 min - neither here nor there
2 min - same
1 min - same

ImO

EDIT - 5 min turning bullish
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lol

I love this post!
 
once we start moving down it's going to be fast, market is currently in very tight trading range as there is lots of gamma hedging in low volumes.
 
Alexandre, the way I calculate ranges where divergence might be taking price to & if looking at the monthly slant divergence, which is not that reliable for calculating retracement zones, DAX index is to head towards 4000 area, is that nuts from a fundamental point to expect it to get there? Opinions :)
 
Quote from JSSPMK:

Here is the visual

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1752028>
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very interesting, and a definite possibility. I'm waiting for systematic traders to start shorting markets, i.e. their models to generate longer term signals in which case 4000 is definitely possible
 
Quote from JSSPMK:

Long off 1 min + pivot possible support

Scaled out +8.5
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Pivotal looks to be holding support + bounce formation on 1, stop remains just below entry for now

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1752043>
 

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