DAX popped an ascending wedge this morning and is now looking like a shooting star.
Breaking the bottom of the wedge would now be a failure IMO and bearish.
Given the width of the wedge, support at the 26 day MA might prove temporary if it gets there.
I have no clue what will happen. These are just chart observations.
The wedge may simply be widening itself...
BachNut, DAX 11'000/11'040 is critical
At this point, I have widened the wedge to include today's high.
Looks like that high will get tested. Let's see how that goes.
At the moment DAX (March) futures are way up at 11'126 ...
Last edited by uempel on Fri Feb 20, 2015 3:05 pm, edited 1 time in total.
Trades with cats wrote:Xian, Zerohedge.com for a little reading on fruit. Goldman has upped their estimate which Zerohedge interprets as they are selling.
Thanks Cats, but I'm all done. ITM March puts yesterday when underlying was flat. Underlying finished yesterday down about .25%, today sold when up about .25%, so very tiny loss. Countertrend trading just not for me. (so now, down BIG next week for sure. )
At least I've got my SPY calls working—Thanks Snake!
Daily timeframe, based on EOD model, TLT reversing a potential Stochastic BUY signal. However, any resumption of upside today could well trigger it by EOD.
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might be another pullback here which could still be bought.
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