DAX

Contrary to my expectations back yesterday, Dax June 13 has reversed upward  and is rising through the day. Still, it appears that market is in upward correction and soon to reverse downward. If not — much more gains are to follow. I am flat here, waiting for the signals to clarify the current juncture.
 

Yeserday I wrote: «I expect some moderate upward bias (probably upto 7756) tomorrow/Wednesday in order to finish-off the developing upward correction.» 

Indeed, Dax June 13 has continued upward today in the morning, reaching the intra-day high of 7735,5 and then reversed to the downside. Prop indicators  are in the «sell» mode across the board. I'm short against 7702 on my «swing-trading» account and remain short on «position-trading» account.



 

Dax June 13 has been trading in choppy sideways manner today. The larger trend remains DOWN, albeit I expect some moderate upward bias (probably upto 7756) tomorrow/Wednesday in order to finish-off the developing upward correction. Then the downtrend should resume.

Stay tuned.

on 3rd April I wrote: «Dax June 13 turned down, I sold short today stop 7967. Pattern-wise it's still messy, but my prop indicators turned into sell-mode. „

Today Dax June 13 has reached inta-day low of 7672.5, thus taken out previous low of 27th March. Bearish case remains very much on-track and reinforced by the recent price-action. 

Stay tuned. 

Dax June 13 turned down, I sold short today stop 7967. Pattern-wise it's still messy, but my prop indicators turned into sell-mode. 


P.S.  While i dont think that making provoking calls is good idea for a trader, still I must say, that it is my personal belief — today, 03 April 2013, US indicies -SPX and DJIA, have both finished their 4-year  Bull trend from the lows of 2009. From now on, Global Markets are into the next Bear market, and it is gonna be quite a trend. 

Contrary to my expectations, Dax June 13 continued higher this week, has taken out previous swing-high of 7931,5 and now levitates above this level. Recent price-action has somewhat messed up short-term outlook. I maintain bearish view, while sitting on the fence, waiting.

On the bright side — E-mini (ES) future is setting up for a swift, sizable (200+) move down. Its nasty «wedge within wedge withing wedge» current price structure has very bearish short-medium term implications. Of course, price action should confirm pattern before we act, always.
 

Господа хорошие :)
 
Подскажите где и как можно получить демо-доступ к торговле акциями (!), входящими в немецкий Dax-30???
 

The small upward correction in DAX-June13 appears finished, and it is another low-risk entry to add short-exposure against 7836.5 stop.

Dax June13 dropped down dynamicaly yesterday, just as expected. It has catched some upside traction into the day closing, which I suggest to be yet another brief upward correction, targeting 7850/7875 area. Down-trend should resume in earnest later today. 
Big bicture remains bearish, pointing to a cluster of targets well below current levels. 

Dax June13 has made a bit more complex upward-correction than I anticipated in y/day review, holding up to Wednesday afternoon. Odds are it is over by now, I  am short vs today's high of 7931,5.