DAX update

After the brief penetration of previous low, Dax June 13 has quickly reversed to the upside. My indicators turned long across the board. Now I shall entertain the possibility that market is going to make new recovery high before the downtrend will finally kick-off.

«Ego is how you lose money in this business. I put a trade on, and if it doesn’t start working straightaway, I respect the price action and cut it fast.” Michael Platt, founder of Blue Crest Capital Management