DislikedHi Brixen, what are you looking out for when holding positions through FOMC. Are you looking at initial price action? Say if price were to drop down to 16070 would you hold those positions as long as it wicks back up? Finally do you see the rebound at 16000 as institutions clearing out retail and buying? Or just a technical bounce?Ignored
- On July 13rd they broke on the upside 16k key level, I mean DAX CASH INDEX official price.
- After that day you can clearly see a low at 15995, more or less same low as today (9-17:35 official session)
- If prices are able to remain above last days lows = 16100 zone, imho this is usually a bullish signal
- Anyway it depends partly on tonight and more on Madame Lagarde tomorrow, specially if she will talk (or not) about a possible recession in Europe
- Yes, it could be only a technical bounce after an huge sell off, but we know wild horse is rarely obvious and a break down today's low could be a disaster for longs
- Regarding my positions in place, luckily the entry price is so good that can even accept a stop at be in case of high volatility next hour......while target could be even +150/+200 pts in case of short squeeze. We'll see......
P.S.:roughly +90 pts to get DAX Future price from DAX Cash Index price
I call upon my father's spirit , watching over me
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