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This morning numbers of the IFO show nothing good:
"The Corona crisis is pushing the mood in German companies to a historic low. The business climate index for April published on Friday fell to 74.3 points after 85.9 points in March. This is the lowest value ever measured."
Professionals were voting for 80 points for this month and were absolutely wrong.
Yesterday a range during cash hours of 251 points.
Today start in yesterday's range with a red IB.
Tomorrow last of month!
DAX short 11:30 to 15:30
entry @ 10853
exit @ 10883 (SL)
result -30 points
GFIs1
Another jump up with US start. Now price is near upper Kumo line in the daily.
Might skip for the moment the short scenario mentioned. All of course of the open money taps in all countries
We have to see clear that the worldwide industry is in a catastrophic shape facing markets that had been vanished by corona virus. There is "no back to normality in a week" as some political leaders are promoting.
edit 14:45 - daily upper Kumo has been killed.
Tomorrow Thursday a trade on the last of month is foreseen.
After a Wednesday cash range of 338 points the Dax future jumped further up: 7:30 -> @ 11268 which is a jump of 140 points.
In the daily chart yesterday's up move brought the price well above Kumo. This made the discussed scenario in earlier posts obsolete.
Today is last of month - in Germany tomorrow closed.
Today ECB 13:45.
