Carpe diem: Intraday tactics for Dax and Dow

Quoting Dutchy Daxy

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DAX is on a very heavy support level. 10.500. Looks to wait till US is finnished with the drop.

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Quoting stylinex

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{quote} Looks like support broke..

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Quoting Dutchy Daxy

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{quote} DAX could drop further to 400/350 zone. See Monthly TPO charts. I posted these charts already weeks ago that a fill up of the July "pockets" (US markets) has to be done in time. Time is here now. Somebody shouts about rate hike and some disapointing news and there we go. But as usual I'm supprized by the force of it. Short rally's go faster then Long rally's in general. {image} {image}

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Quoting stylinex

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{quote} looks like we are there now. When we have a 2% drop on a Friday in September which is known to be bad for stocks in America (especially during election year) we most likely follow up with similar losses the following Monday and at worse add with at least half more the losses. Let's see where bottom is this time around.

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Quoting stylinex

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{quote} looks like we are there now. When we have a 2% drop on a Friday in September which is known to be bad for stocks in America (especially during election year) we most likely follow up with similar losses the following Monday and at worse add with at least half more the losses. Let's see where bottom is this time around.

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Quoting Amahesh

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{quote} It'll be interesting to see how far down the DAX moves. Technically, it needs to hold 285/350 (April 2014 trendline) Lower than this and we might be in for a much larger sell-off. Daily RSI is creeping towards oversold conditions as well, so a bounce from here would be ideal.

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Quoting Dutchy Daxy

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{quote} If we cross the 300/350 zone, we could see a further drop to 10.100 Aug Low /10.000 July Monthly POC. (see DAX Monthly chart) But that's very deep. Expect the.................

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