KeiZai, look at the RSI on your chart - doesn't look that bearish. My bearish indicator for DAX is daily stochastics, which are a good DAX indicator
KeiZai wrote:It is what it is, yesterday DAX with breakdown today SPX, I think we could see retest of the rising wedge at some point but not sure when maybe after 2Xtop MM...
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Just for my understanding and education, I see VIX is over top BB on all the charts except weekly and monthly. what does it means? does it mean it will pull back 100% today? or it can still go on since today is end of the week.
Just for my understanding and education, I see VIX is over top BB on all the charts except weekly and monthly. what does it means? does it mean it will pull back 100% today? or it can still go on since today is end of the week.
Thank you
Just something to note.. I'd watch trend lines more.. as you can see in the closer view.. it's not uncommon to spike out of it.. but doesn't last long usually.. unless this is big trend change
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uempel wrote:KeiZai, look at the RSI on your chart - doesn't look that bearish. My bearish indicator for DAX is daily stochastics, which are a good DAX indicator
KeiZai wrote:It is what it is, yesterday DAX with breakdown today SPX, I think we could see retest of the rising wedge at some point but not sure when maybe after 2Xtop MM...
Here is VDAX for DAX traders big move is coming in DAX I hope that down as I am still bearish there
The attachment VDAX-2.png is no longer available
I mean in the bigger picture of course there will be bounces but I think correction at least to 9000 is here I could be wrong though but that's how I see it , right now there is a good support in DAX so bounce here would not surprised me
I am watching also MDAX, atm looks toppish (breaking support) but still time to get back till close
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Just for my understanding and education, I see VIX is over top BB on all the charts except weekly and monthly. what does it means? does it mean it will pull back 100% today? or it can still go on since today is end of the week.
Thank you
Just something to note.. I'd watch trend lines more.. as you can see in the closer view.. it's not uncommon to spike out of it.. but doesn't last long usually.. unless this is big trend change