DAX Short .... Repo Rates, No China Deal, Iran, Recession in GER
Updated
Expecting a quite volatile Open and an especially (25%) higher volatility for October.
Please check the US Federal Reserve Repo Rate. The whole last week the Fed had to provide liquidity to the large Financial Institution as they needed to borrow money.
This had also happened at the immediate beginning of 2008. IF they are in good shape why do they "All" have to go to the Fed Overnight Window .... every day last week. Come to wonder - sorry I don't believe the large Banks are in good shape.
Note
We saw an initial sell off and took profit around 12280. Now we are looking for a re entry around 12390/400 level with stop at 12455Trade active
We received our second short at 12390 and will remain short with a stop loss of 12475 with a target of 12114
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