Блог им. wannatradelikePTJ |DAX brief update

The big-picture bearishness prevailed today: After «sky is clean» optimistic open up-gap, DAX-June13 has reversed down and now is selling hard as I write.

I remain of the same opinion that  Market has made major top on 15th March, and now is open for huge downside right away.
 DAX brief update

My prop indicators have done a pretty good job on Friday and today: flashed «exit-short» on Friday closing, and turned «sell» after the gap today. Very good kick-off start of the week:)
DAX brief update 

P.S. EURUSD made even better than DAX-future signal-wise:
DAX brief update

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Блог им. wannatradelikePTJ |DAX brief update

DAX-June13 traded in a choppy manner today, with an upward bias. Big picture remains bearish, yet the very short term perspective is indecisive. My prop indicators diverged — large TFs in «sell» mode, smaller TFs have exited short, and the smallest TFs have turned long. 

Trading-wise, it was a very good and profitable week, as I have got a good run of tradable set-ups on small TFs in DAX and especially in EURUSD:
 
DAX brief update
DAX brief update

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Блог им. wannatradelikePTJ |DAX brief update

Dax_June13 has pushed downwards, as expected. My proprietary indicators remain firmly in «sell» mode as I write this. 

Pattern-wise, i see two decent possibilities: 1) either market has finished upward correction @8047,5 high on Wednesday or 2) market will rally again above 8047,5 in order to complete more complex correction. I remain of the opinion that market made its top on 15 March @ 8089 and now is in downtrend with targets far below current levels. Stay tuned.
DAX brief update
DAX brief update

Блог им. wannatradelikePTJ |DAX brief update

DAX-June 13 stubbornly continued upward. 8089 must hold for the bearish case. DAX brief update

Блог им. wannatradelikePTJ |DAX brief update

Odds are DAX-June13 has reversed to the downside and if so — immediate selling should follow. I remain bearish, lowering my risk point to 8034.                                                         DAX brief updateThe clearest perspective for European indicies is seen on Eurostoxx50 chart:
DAX brief update 

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Блог им. wannatradelikePTJ |DAX brief update

There is a residual probability that DAX-June13 is making a sharp upward correction which is about to end immediatly. If not — it is going to make recovery high, uh oh:) TDAX brief updatehere are no 'sell' signals as of now.

Блог им. wannatradelikePTJ |DAX brief update

Last Friday I said that odds are for a major turn down. Today DAX-June-13 had a huge gap down at open, which is probably an indication for further weakness. I remain bearish vs last Friday's high of 8089.

Блог им. wannatradelikePTJ |DAX brief update

DAX June13 has reached 8089 high today, just 11 points shy of my stupulated target 8100. Sharp, dynamic decline followed immideately, just as expected. Odds are it is a major turn down.
DAX brief update 

Блог им. wannatradelikePTJ |DAX brief update

DAX March13 continues upward push toward the target area of ~ 8100. As I said previosly, it is likely a terminal move and  I expect a sharp reversal down rather soon.

 DAX brief update

Блог им. wannatradelikePTJ |DAX brief update

I think the rally in DAX March13 has entered in its terminal stage, targeting the area of 8100. A swift reversal down should follow, and soon.DAX brief update

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