Short DAX at 7740

Quote from Brendan R:

I'm amazed by the DAX' strength, wondering what's behind it.

Is it rising on the back of nothing or maybe on the back of an unexpected ECB rate cut?

On a relative strength basis, it has outperformed the US indices in the last sessions.

I guess it will come down to earth later.
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There will not be a rate cut.
 
Quote from Brendan R:

I'm amazed by the DAX' strength, wondering what's behind it.

Is it rising on the back of nothing or maybe on the back of an unexpected ECB rate cut?

On a relative strength basis, it has outperformed the US indices in the last sessions.

I guess it will come down to earth later.
More...

there are so many divergences right now and relative outperformance of Dax and NQ is only one of them so the chances are high ES will break out to upside of triangle.
So I still expect a major (15%) rally in ES, Dax.
 
Quote from ASusilovic:

There will not be a rate cut.
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yes, true.
EZB is lead by old man who understand nothing about economy. The proof was the last rate hike where even a blind with sunglasses could see that economy is already in a down turn.
They are ALWAYS behind.
 
Quote from ASusilovic:

822.25 small support in ES. Always a good idea to take some positions off the table before ECB.
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And never forget : trailing stops are a traders second best friend....:)
 
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