DAX Futures June 2020

BACK TO TRADING: 2nd day in a row, inside same range, more or less.
Friday always a ? last weeks with huge gap down we had on monday (not always, but often). We'll see tomorrow!

Done my day, luckily 3 trades, only 3DAX CFds, 3 gains and in total only 37 min into the market:
+126 (7 min)
+69 (10 min)
+100 (20 min)
TOTAL: +286 pips DAX Cfds.

[quote=Brixen;12839978]
I reciprocate ...
and extend my wish to all of you ...


P.S.
we ...
... are there ...

9800 bougt now 1 DAX CFDs

9700/9690 DAX Cfds prices zone the key for today.

additionals below 9800 zone down to 9690 zone

[quote=mag00;12840003] So Friuli if I've well understood.
My beloved Dad worked in Pordenone when he was young, so very young, when he moved at least 1000 km away to find a job.
And always talked to me so well about your Region.
Then I fell in love with Trieste when I saw 1st time...it's a magic atmosphere, the same I had visiting Vienna or Salzburg, but with the sea all around!!!!

9777 added now

I have 2DAX CFds 9789

9840 reduced now from 2 to 1 my positions

+51 pips DAX CFDs

I have only 1 DAX CFds 9789. Targte 9900 zone and above.

additionals 9700 zone and above

DAX FUTURES chart 15 min updated: as I wrote 9700/9750 zone could act as support for at least 9900 and beyond target.
It's friday, virus is always here, last mondays gap downs could act as a natural brake next hours.

DAX INDEX prices roughly +40 pips higher than DAX FUTURES prices

Added now at 9791

I have 2 DAX CFDs 9790

Reduced seconds ago at 9815

+25 pips DAX Cfds

I have only 1 DAX Cfds 9790

I have some thoughts to share, that might be only partially related here, but maybe interesting while we're waiting.

From a macro point of view, I'm not sure about today direction. Let's see:
- We had 3 strong up days.
- We're at the end of the month of huge down swings. This means that funds and institutionals have a lot of re-balancing to do. This probably started this week already and injected a lot of liquidity, together with the FED's unlimited QE for treasuries and, more importantly for stocks this created this inversion.

I'm obviously talking about the US, but Europe/DAX follows them with great correlation. So, this week was good, but today is Friday. We have uncertainty on new cases and deaths (sadly). I don't buy that funds/managers are nervous and will sell. They're in for the long run, but hedges can be put in futures too and this could lead us lower.

My read is this: Last weeks they were raising cash and a lot of it. Some ETF got liquidated in the process (in oil for example). The treasuries, gold and every liquid asset was hammered. Now there's cash and cash goes to the stocks for re-balancing. How long it can last ? I'm not sure, but next week will be telling.

9774 added seconds ago

Now I have 2 DAX CFds 9782