Anyone trying to long Dax, I think today's CP looks like really tough potential R, even if it gets that high. I'm not in, but if it drops back to put in a higher low, I might be tempted. I'll post it if I do.

Trade the Dow/Dax

So a real fight going on atm at these critical S levels on both Dax & dow, this 76.4% on Dax, and 800 on Dow, both of which if broken could trigger some big selling today I feel.

Trade the Dow/Dax

What we've got atm are opportunistic buyers buying at this 76.4% level vs longer term short positions who recognize that the greater momentum is down. Depends on whether enough longs come into the market to lift it a bit.

Trade the Dow/Dax

This 76.4% fib still holding on Dax for now, but for how much longer I wonder?

Trade the Dow/Dax

long from 078 on Dax, SL 14. TP open for now. ps- SL now moved to -5. Taken out for -5. Looks like downward momentum still strong so buying thin atm.

Trade the Dow/Dax

Dow is also on an important S level @ 25,800. If it breaks, we could see a significant push down today.

Trade the Dow/Dax

Morning! Dax pushing down from just before the Frankie open, and i think today's S1 @ 12,090 could be our first support level if the price gets there, so a kick up at the London open is a possibility off of that level. S1 also sits right on top of ...

Trade the Dow/Dax

Difficult call for today after yesterday's drop. Dax has R most immediately on its 5m 200ema, but with the 200sma now beneath, this should lift it beyond this towards today's CP and 38.2% retrace from yesterday's high @ 12,138. Yesterday's S was the ...

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That's the Dax resistance atm, the 30m 200sma, but it can break I feel. To the downside, potential fib support marked in.

Trade the Dow/Dax

Trump's upset the markets hasn't he, silly boy, and after such a promising rally on Friday as well. London closed today, so it will be up to New York I think whether the rot continues today. Looking at it from a purely technical viewpoint despite ...

Trade the Dow/Dax

Of course it's NFP today, but I like the look of this 30m diversion with MACD on the Dow, so any longs out there may be wise to sit on BE and hope that the long side plays out.

Trade the Dow/Dax

Good morning! I'm on Dax this morning.. Looks like the price will go higher, though when exactly? Most immediate S seems to be today's CP @ 12,332, and beneath that from the current high of the day, the 76.4% fib @ 325 and the 76.4% @ 320. To the ...

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It's a trap we all fall into, concentrating on what we expect the price to do whilst overlooking what it is actually doing.

Trade the Dow/Dax

Don't feel bad. This bull market is over. Up until last week, that would have been bought right back up, but now we're looking to 25,500 I'd say.

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Surprised by that though, as that strong 10m candle following the decisive rejection on the double bottom looked like the price would easily get to CP, but it just ran out of steam.

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Post whatever you like mate, as long as it relates to what we're doing This resistance is the 76.4% from the day's high in case anyone is wondering.

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That said however, no reason to stop there, so yes, 550 ish looks good.

Trade the Dow/Dax

Though CP looks like a strong R contender if it gets there if you look at H2.

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You're not wrong. Needed to buy right on the close of that 1m hammer candle off of the double bottom, that was the signal. I didn't. Too late now.

Trade the Dow/Dax

Actually, I don't see any reason technically why they should buy this back up this afternoon. I reckon they may have thrown in the towel now. We will find out soon.

Trade the Dow/Dax