DislikedHi Brixen, taking a longer term view on the indices do you still see much upside on DAX to be priced in? I know the economy is a long way from running at full steam, but it feels as though we have come quite far and that the easy gains have been had. I have put my own projection which sees the upper band at ~14.8k but it would be good to hear another point of view. Do these considerations impact your day trading? {image}Ignored
So probably current markets are in a spring/summer horizon (I mean 4/6 months ahead now) and they priced a continuos support form Central Banks + vaccine approved and bring to millions and millions people + good recovery specially on services sector, cause manufacturing is always stron alla round the world, specially in Germany/US + a decent Brexit deal in Europe + a better realtions US/China.
Any problem on the above topic will cause a retracement, maybe a sharp dip, but the overall trend is solid.
2. JPMorgan has an ambitious 4k target on US SP500, that means at least 13,8 for DAX, so around ATH they hit last Februray.
And JPMorgan started a consequently sell off on Gold. They rarely failed, as showed on their sell off target late February, hit 3 weeks after.
Anyway I take this CUM GRANO SALIS and not blindly.
3. My day trading has clear levels, step by step and so big scenario has not much meaning for me. For now I can only say that there is a magnetic gap attraction at 13490 zone that could be interesting for my longs these days, but I prefer to watch short term scenario.
I hope I replied to your questions.
I call upon my father's spirit , watching over me
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