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DAX is strong dependent on US indexes.
Today started after red US numbers on the lower side.
Reasons:
• Inflation fears
• Corona results with supply chain problems that still are not solved and will not in 9 months
• very weak EURO
• year end rally halted by now!
As we have a HALF week in USA (Thanksgiving) the trades will be having good volume today and tomorrow showing just low volumes - means not a good day for trading even the DAX.
So we might skip the rest of the week as the normal rules will not give accurate results.
DAX short 10:30 to 17:00
entry @ 15928
exit @ 15872
result + 58 points
GFIs1
edit 10:55 - the trade is on track at start.
a good next support is @ 15690 (FIB 161,8%) - which will be taken here if it arrives...
17:03 - the rebound (Germany has a coalition since 60 minutes)... vanished some valuable points
Instead - congrats that a new coalition paves the street.
DAX pre cash with a large gap down
The mentioned support in the chart (15690 Fib 161%)
was killed and the price is now more than 100 points lower as said marker..
GFIs1
edit 8:14 - DAX slips quickly pre cash - killed already 15500 line
Yes, I was thinking the same thing (BF) this morning when I started my chart analysis, since I was rather positive yesterday in other stock markets.
But the people are absolutely foolish because of Corona and every time the mainstream press drives a variant through the village they like today, people turn crazy, as the real information about such new strings are not done fairly. Following a real look at the strings so far:
