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DAX Futures June 2024

  • #1,161
  • May 7, 2024 8:12am May 7, 2024 8:12am
Done, probably done for today:+21+13+48,5+12,5 = TOTAL +95 pips FDXM
I could buy something on decent retracement later, but for now it seems they want reach the sky.....

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  • #1,162
  • May 7, 2024 11:43pm May 7, 2024 11:43pm
ATH retest in sight for the DAX.......a straight leg higher or a winding road is the question now?
Im too busy this morning, Ill back at 11CET hopefully.
Orders as indicated here below

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  • #1,163
  • May 8, 2024 2:01am May 8, 2024 2:01am
629 bought last hour on the strenght 1 FDXS, but I have stop at be and target slight below 700 zone, not filled for now for a couple pts
Im not able to follow and to trade in regular way this morning, Ill back later on the afternoon in regular way...hopefully

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  • #1,164
  • May 8, 2024 3:16am May 8, 2024 3:16am
Hi Brixen, how are you doing? I came for some wisdom on Dax, cause I dont understand this maniacal vertical rally. Any idea about it, cause it not supported by other markets mostly.
  • #1,165
  • May 8, 2024 5:26am May 8, 2024 5:26am
FDXS stopped out at be, now at 45..current zone Im buying a couple DAX CFDs
I call upon my father's spirit , watching over me
  • #1,166
  • May 8, 2024 5:38am May 8, 2024 5:38am
Quoting meowflying
Hi Brixen, how are you doing? I came for some wisdom on Dax, cause I dont understand this maniacal vertical rally. Any idea about it, cause it not supported by other markets mostly.
Hi MEOW, always happy to see you here again.

1. DAX CASH INDEX made an ATH during RTH just after Easter at 18567.
During April DAX made a sharp retracement around 17625 zone (always during RTH).
Mid point of these 2 extremes (18567 and 17625) stands around 18095 zone, tested a couple of times from below and finally broken up last couple days.
So technically , the retest fo the ATH seems natural ..that's it, imho.

2. Then some heavy weight shares on XETRA DAX, as SAP, INFINEON (here below daily chart) and SIEMENS had some very good earning reports or strong upgrade, so they are following strong worldwide Semiconductors performances. So they are pushing up also the main German Index.

3. Most of XETRA DAX40 shares are on the verge of pay huge amount of dividends (tradionally german car makers have very high yield dividends usually paid during May/June.

I hope I have replied to your question MEOW, and I hope to see you here again.
Good luck for you and for me.

P.S.: ironically while Im writing this post, we can see 1st serious weakness trend on the DAX........

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  • #1,167
  • May 8, 2024 5:41am May 8, 2024 5:41am
Quoting Brixen
FDXS stopped out at be, now at 45..current zone Im buying a couple DAX CFDs
429 just added 2 positions now
I call upon my father's spirit , watching over me
  • #1,168
  • May 8, 2024 6:14am May 8, 2024 6:14am
Quoting Brixen
FDXS stopped out at be, now at 45..current zone Im buying a couple DAX CFDs
459 now, closed both positions 450 + 1 position 429
I call upon my father's spirit , watching over me
  • #1,169
  • May 8, 2024 6:17am May 8, 2024 6:17am
Quoting Brixen
{quote} 459 now, closed both positions 450 + 1 position 429
+9+9+30=+48 p DAX CFD=+9,5 pips FDXM

I remain with 1 DAX CFD 429.
I call upon my father's spirit , watching over me
  • #1,170
  • May 8, 2024 6:27am May 8, 2024 6:27am
Intraday trend changed on downside......it will last during US session?
DAX FUTURE chart just updated here below: roughly -145/-150 pts lower to get DAX CASH INDEX price
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  • #1,171
  • May 8, 2024 7:58am May 8, 2024 7:58am
Quoting Brixen
Intraday trend changed on downside......it will last during US session? DAX FUTURE chart just updated here below: roughly -145/-150 pts lower to get DAX CASH INDEX price {image}
Attached Image (click to enlarge)
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  • #1,172
  • May 8, 2024 8:04am May 8, 2024 8:04am
US SP500 engaged on tough resistance at 5200.......yd prices were rejected at 1st touch, we'll see today
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  • #1,173
  • May 8, 2024 8:18am May 8, 2024 8:18am
Altough tomorrow is indicated as Bank Holiday in Germany for Ascension Day, XETRA DAX financial market and Eurex DAX Futures will be regularly open.
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  • #1,174
  • May 8, 2024 8:41am May 8, 2024 8:41am
Quoting Brixen
{quote} +9+9+30=+48 p DAX CFD=+9,5 pips FDXM I remain with 1 DAX CFD 429.
490 in this moment closed last DAX CFD 429 for +61 p DAX CFD=+12 pips FDXM
I call upon my father's spirit , watching over me
  • #1,175
  • May 8, 2024 8:41am May 8, 2024 8:41am
Done my day:+9,5+12 = TOTAL +21,5 pips FDXM
I call upon my father's spirit , watching over me
  • #1,176
  • Edited 9:37pm May 8, 2024 9:48am | Edited 9:37pm
Thank you very much, your points make perfect sense, and I was suspecting some of it as a reason for rally, especially companies reporting. Now another thing i dont understand, is why they stopped today 20 points shy of ATH on Dax cash. We never know everything..

P.S. They running 80 points moves up and down in Asian session with high volume. What the hell is going on. Usually bull markets should have low volatility, at least when the cash is not open.


Quoting Brixen
{quote} Hi MEOW, always happy to see you here again. 1. DAX CASH INDEX made an ATH during RTH just after Easter at 18567. During April DAX made a sharp retracement around 17625 zone (always during RTH). Mid point of these 2 extremes (18567 and 17625) stands around 18095 zone, tested a couple of times from below and finally broken up last couple days. So technically , the retest fo the ATH seems natural ..that's it, imho. 2. Then some heavy weight shares on XETRA DAX, as SAP, INFINEON (here below daily chart) and SIEMENS had some very good earning...
  • #1,177
  • May 8, 2024 11:23pm May 8, 2024 11:23pm
Quoting meowflying
Thank you very much, your points make perfect sense, and I was suspecting some of it as a reason for rally, especially companies reporting. Now another thing i dont understand, is why they stopped today 20 points shy of ATH on Dax cash. We never know everything.. P.S. They running 80 points moves up and down in Asian session with high volume. What the hell is going on. Usually bull markets should have low volatility, at least when the cash is not open. {quote}
20 pts difference is nothing for the DAX , circa 0,1%, as ther's no exact science here.
Anyway as market is designed to fool most traders most of the time....and they like to play/flirt crucial level for some time, before they shoot their bullets.
We'll see....
I call upon my father's spirit , watching over me
  • #1,178
  • May 8, 2024 11:30pm May 8, 2024 11:30pm
Im not able to trade and post this morning, but I will follow the keylevels...
Ill back around midday.

Ascension day in Gemrnay and Switzerland today, but financial markets will be regularly open.
Anyway if Swiss BigBoys are on holiday, we'll probably see a lethargic day today......
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  • #1,179
  • May 9, 2024 3:41am May 9, 2024 3:41am
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  • #1,180
  • May 9, 2024 3:58am May 9, 2024 3:58am
Quoting Brixen
{image} {image}
Stop at be above 67../68..zone for my FDXS 659, target 72..zone

Bank of England decision next minutes......probably a non event, but you never know here....
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