DAX

After reaching the intra-day high of 8286.5 (Though has not reached the previousely estimated lower target 8350), Dax June 13 reversed downwards.  Reversal looks for real and the prop indicators turned into «sell» mode. Likely target for the downside is 7400 as been stipulated before.

Dax June 13 continued trading higher today after the Friday's sharp reversal. Despite the choppiness of the preceeding decline, I think that Dax has made a top on 22 May and  further direction for the price is most likely DOWN. Nevertheless, my indicators remain «long» on shorter TFs. I expect market to trade into 8350/8450 area and then reverse down decisively. 

Друзья, не могу найти как обозначается дакс с футси в платформе thinkorswim. Кто знает, подскажите пожалуйста. Заранее спасибо!

Well, it was damn hard to make money during recent days — market isn't trending — a bad time for any guy with a trend seeking system:) I refuse to make directional call at this stage, and would rely solely on system's signals. Overall, the rally from 2009 lasted more than enough, sentiment readings are toppish to say at least. But the price action remains muted, and the price action is the ultimate judge…

Price action has screwed my bearish expectations (not the first time and not last). My system turned Up right after market had reached day lows and is firmly long across the board now. If today's spike will not be retraced down immediately today/Monday — price structure becomes bullish.

 

Dax June 13 procceds sharply lower, as expected. Lower levels are due in days ahead.

Market (Dax June 13) is trading at day's low by closing. Which is bearish ceteris paribus. Market remains open for significant downside, with 7800 as probable target level for immediate future. 

After a choppy deceptive trading in the first two days of the week, Dax June 13 is falling down dynamicaly. This implies a lot of downside right ahead. The risk to this view is if the market return trading back above 8300.
 

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

My system covered short at today's lows and is now «long». I am off for week-end.