Short DAX at 7740

828.75 area resistance ES. We see DAX "dancing" around in tune with ES action. Let´s see whether 828.75 can be penetrated significantly...so far 5 green 60 min candles in FDAX chart...
 
Quote from ASusilovic:

828.75 area resistance ES. We see DAX "dancing" around in tune with ES action. Let´s see whether 828.75 can be penetrated significantly...so far 5 green 60 min candles in FDAX chart...
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given the fact that 828 has already been stressed significantly and all the bad news over the weekend that did not have to power to keep ES down I strongly think we will break through 828 and have a major rally today.
 
Quote from younouss:

Congrats Topsurfi!

Nice trade i didnt believe in it but you were right!

:D
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thanks,
just covered the rest @4285 +125
There is still a slight chance this was only to get the stops above 828/830 and it just was enough for today.
Finished for today so I can't give it back.
 
Quote from Topsurfi:

thanks,
just covered the rest @4285 +125
There is still a slight chance this was only to get the stops above 828/830 and it just was enough for today.
Finished for today so I can't give it back.
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Excellent. Just covered my last FDAX, too. I think market should "breath" a bit before IFO data tomorrow.
 
Quote from ASusilovic:

Tokyo + 4,4 %. Japanese must have hit the wrong button...:p
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there is a simple reason.
I check all bank prognoses for this year and they all had one thing in common. We would make new lows or retest the lows and then go higher.
So since the majority of the banks always get it wrong I have 2 scenarios. First is we break the lows and go significantly lower. Second option is we don't touch the lows and turn now.

If we turn up now all these banks will not know what to do and finally will have to jump in. This is why I see a reasonable chance we see a 20% rally here.

One thing that is now fitting in this scenario is the low P/C ratio. People are not worried enough right now, thats some danger.
 
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