FDAX UpdateSo it went overbought, filled the gap, and rolled over. Looking pretty bearish for Monday and Europe determines gap direction.
I don;t anticipate any bullish news coming over the weekend unless Putin kicks teh bucket.
FDAX1!
FDAX UpdateIt went straight for the gap fill, and now reversed. Also hit my channel line as well.
RSI hit overbought with MFI divergence.
This implies a gap down tomorrow, but tomorrow is also Ponzi Friday.... with employment numbers coming out.
FDAX UpdateLooks like it's headed to overbought possibly after US open, and a dip next week.
Closing all of my long positions today. Monday might be the peak, but the run is pretty much over after today.
DAX: Deep BreathDAX should draw a deep breath because it has quite the way downwards coming up. We expect the index to head for the support at 12425 points, crossing it to dive into the green zone between 12140 and 11150 points, where it should finish wave 2 in green. Afterwards, DAX should take off again, climbing not only back above 12425 points but also above the resistance at 13682 points. There remains a 33% chance, though, that the index could surmount the resistance at 13682 points earlier already.
FDAX UpdateShifted my overlay a tad, it definitely looks like it's going to break through teh blue line.
Market probably gets pumptarded tomorrow.
FDAX UpdateTouching the blue trendline
Don;t know if it breaks through or gets rejected, but I think the gap direction depends more on META (FB) earnings
FDAX UpdateMFI dropped quite a bit, looks like it wants to go for the gap fill soon.
I moved the overlay, this is the bull case if the Fed pumps the market and META and AAPL beat on earnings.
FDAX Bull ScenarioQuite frankly I'm bearish on Europe fundamentals but the market has sown strength even while US tech stocks tank. We haven;t seen a huge gap down because Europe wants to go up.
Anyways, plotted the bull scenario. The bear scenario is obviously a tank, lol. For whatever reason, having no natural gas is bullish for them? LOL.
FDAX UpdateRolled over and down 1% but US futures are flat
Don;t expect a gap up tomorrow either with the ECB meeting coming up
FDAX UpdateProbably should've looked at this before close, MFI and RSI overbought and ECB meeting is Thu.
Definitely not holding any long positions tomorrow night, might even hold some calls Wed night for the dip on Thu
DAX Playing For A Gap FillIn this update we review the recent price action in the German DAX futures contract and identify the next high probability trading opportunity and price objectives tot arget
FDAX UpdateFDAX did not go overbought but it did get rejected by my trendline. Looks bearish, but you never know, lol.
FDAX Update againLooks like it bounced off my blue line. I think a gap up is more probable for tomorrow then down.
I love my "random" lines.
FDAX FUturesLooks to me like it wants to go oversold before the bounce. Which means it'll bounce right during earnings season next week. Expect a whipsaw week I guess.
FDAX UpdateMFI is overbought
Also CPI numbers premarket Wed morning
Not carrying anything besides a few BITO puts over the weekend.
FDAX UpdateRSI oversold but MFI is not there yet. Possibility of another overshoot tomorrow.
No gonna chase i, might just stay cash overnight
FDAX UpdateRSI oversold and it hit the bottom channel line.
Overshoot is a possibility, but I would be more inclined to expect a gap up tomorrow. Usually when the market tanks all week Friday winds up being a green day because of short covering
FDAX UpdateWell, the algos managed to gap US indices up despite the Euros tanking again. Pretty rare event, usually only happens 2 or 3 times a year, so I doubt they can do it 2 days in a row.
FDAX looks really bearish, no long positions until it gets oversold.
FDAX UpdateIndicators are neutral but it looks like a bullish reversal.
I think gap up tomorrow, but not nearly as certain as I was yesterday about today's gap down. Could just open flat.
In any case, the US market managed to go green despite the premarket tanking in Europe, so that's bullish.
FDAX UpdateYou can see FDAX went overbought on MFI and reversed. It's now flat for the day which doesn't bode well for tomorrow morning.
Not chasing the pump today. Might just take the whole week off.
FDAX UpdateCould go either way tomorrow morning, but I don't think this drop is done until it hits the bottom trendline and MFI goes oversold.
