CLOSED UNTIL 3rd JANUARY

CLOSED UNTIL 3rd JANUARY

Given the minimal volume on the markets at the moment, I have decided to spend the time with the family and enjoy a couple of days away from the screens. Let's enjoy the quiet while it lasts. I will be back on Monday and we should be able to get back to normal. Happy...
Dax Technical Analysis 27/12/2016

Dax Technical Analysis 27/12/2016

As expected, volume was very low yesterday and although we did make subtle progress, but there was not a lot to report on. We are still technically in the same position as the article from yesterday: we are overbought and awaiting a pullback/correction. Let's look at...
Dax Technical Analysis 27/12/2016

Dax Technical Analysis 27/12/2016

On the daily chart we have reached one of the major bull targets 11430 and are currently in a major resistance zone, set by price action from a similar period last year. We have already extended 100% of the range, which was broken this month and at the top of the...
Dax Technical Analysis 23/12/2016

Dax Technical Analysis 23/12/2016

Merry Christmas traders! This is the last day of trading before Christmas and then we have a day off on Boxing Day so will be back on Tuesday. I have been keeping an eye on the MDax recently, Germany's second stock market for medium sized companies, because it has...
Dax Technical Analysis 22/12/2016

Dax Technical Analysis 22/12/2016

On the daily chart, I am still concerned about going long right now, because although we have pierced resistance, we are printing candles that could be perceived as exhaustion candles. We are slowing down and this could affect the strong momentum that we have seen. We...
Dax Technical Analysis 21/12/2016

Dax Technical Analysis 21/12/2016

We are bullish above 11150 and short term bullish above 11350. An interesting setup for bears is a short from current position, with a stop above 11475, targeting a move back towards 11425. I doubt I will take that. A pullback to that level, which was the R1 from...