March 11th, what happens and what is my vision of tomorrow
Dear Tradingviewers,
Today was a very flat day for
GER30 (near 0%), whereas it was a very good day in US (NSDQ+2% …)
ECB talks today and decide not to change the interest rates. It also presents the forecast for Europe and US for the coming years and the European forecast are much worse than in the US.
That explains the flat day today while US Stonks were flying.
For tomorrow, I think the GER30 will not continue to rise because other economy are way more interesting and It may fall a bit. Moreover, it is facing the 14600 resistance which is holding. I don’t think it will fall as much as I was expected it to fall when I short it at the beginning of the week but I think the context and the end of the week will help it to lose at least 100 points.
For your information, I am currently shorting GER30 so my idea can be biased.
I wish you the best,
Stay safe,
Alexandre
Today was a very flat day for
GER30 (near 0%), whereas it was a very good day in US (NSDQ+2% …)ECB talks today and decide not to change the interest rates. It also presents the forecast for Europe and US for the coming years and the European forecast are much worse than in the US.
That explains the flat day today while US Stonks were flying.
For tomorrow, I think the GER30 will not continue to rise because other economy are way more interesting and It may fall a bit. Moreover, it is facing the 14600 resistance which is holding. I don’t think it will fall as much as I was expected it to fall when I short it at the beginning of the week but I think the context and the end of the week will help it to lose at least 100 points.
For your information, I am currently shorting GER30 so my idea can be biased.
I wish you the best,
Stay safe,
Alexandre
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