Menu Close

Update 03.10 DAX Index Trading warning – 700p move all targets hit

Guys be extra careful next few days. We can have some situation in global markets. 

Not necessary bad dump have to happens but better be safe not sorry so keep risk in check.

Not just Italian budget problems spooked investors recently but also US indexes can get thru some significant correction which can have impact on DAX prices. 

Yelds in 10y/30y US notes spike today to multi year highs, and that is not best scenario for stock market. 

Is early signs but all ready DOW erase today gains quickly at end of day.

This can put weight on favor of sellers and trigger sell off with target 12100/50 then September lows and 11730/500 in extension.

good luck!

Leave a Reply

Your email address will not be published. Required fields are marked *