Carpe diem: Intraday tactics for Dax and Dow

dax, short @ 10'608 (10.-$ per pip)

NQ Short @ 4891.50

T1 +10p x 2 lot
1 Lot to go

SL +5p /Trailing
SL +15p /Trailing
SL +20p /Trailing
FLAT +21p last lot

9:55 EUR German Unemployment Change -6K-13K

All Day OPEC Meetings

11:00EUR CPI Flash Estimate y/y 0.6% 0.5%EUR
Core CPI Flash Estimate y/y 0.8% 0.8%

13:30 EUR ECB President Draghi Speaks

14:15 USD ADP Non-Farm Employment Change

16:30 USD Crude Oil Inventories

Oil popped $1,00 in a few seconds.

Iran oil minister says OPEC is close to a deal, Iran won't freeze output, there is another arrangement - BBG

Have we made a top yet ?.. Dow rate hike in December?

Finished up on the last trading day of the month. Quite a reversal for that monthly candle

OPEC to cut production of 1.2m barrels of oil a day which is about 1.3% of the worlds supply.

And oil price shoots up 5% & the deal might, still, yet fall through ?

for those who are interested, here is the updated WD Gann Road Map (US equity markets) as of last night.

note: the predictive price model was first calculated late in 2015 and has been pretty damn accurate for the entire year.

During the session you have to close all these gaps

All closed

During the session you must close all these gaps

Seems that we could have some kind of correction, and maybe idices finally got detached from Oil? So, crude moved +10%... DAX doesn't have any oil companies in it. Dax finished last year around 10,700, slightly bellow. (So, obviously European QE is an epic fail, since DAX is negative YTD). Nasdaq 100 is dragging the US Markets down. So, either the NQ drags down others (SnP, Dow, Russell), or they will lift NQ up. IMO, the first is more likely, because all growth companies and the stocks that should lead, are not leading, in fact they are selling off. Once it breach 4800, not much of the support - first around 4780 and then nothing until 4680-4700. Still, it doesn't pay much to be overly excited about some big bearish opportunities. ES can easily go to 2150 and bullish structure will still be intact, and that would be only a 3% or so correction from ATH. Also, ATH was made during shortened session, and was breached yesterday by only 2pts in premarket. Usually important highs or lows are made in RTH. Usually but not always. So, maybe markets are gearing up for some correction and then do the Santa rally. Low volume from above 2200 levels is not supportive of rally from here.

To support your thoughts I want to add another point. It can also be that the euphoria with oil fades fast (as usual) since the whole move was on nothing really (cuts will start in January and will last for 6 months) and yes it was historic since they havent agreed on anything for the past 10 years but still much ado about nothing. If this is true then oil will fall back to 45 and stay around there and indices will follow for a correction however shallow. Maybe we even saw the Santa rally, nicknamed now Trump rally, and we will finish the year in negative.

[Quote = jmss59; 9305111] Durante la sesión debe cerrar todas estas brechas {image} [/ quote]
Closed gaps

DAX Short
T1 +11p
T2 +21p
1 to go

Now on bottom IB @ 554

Now you have to close these gaps

S&P has singles/pocket on 2191.50/2187.50 on Weekly and Monthly TPO chart. Its also the -0.5% from Y close.
Only 8 points lower from here.

S&P has to decide to fill that pocket or go back up above the 2200

NQ will maybe test the 4800/4797.50 which is the -0.5 from Y close.

If it drops further the next down target is 4774, which is -1% from Y close and also a 3 Week old Weekly POC (not covered/ttested yet)

If the NQ bounces up from the 4800 zone, it could go up to the 4850 zone .

DAX Short @ 552 below IB

T1 +11p
T2 +21p
1 to go
FLAT +19p last lot

Now on -1% Y close @ 525

Now you have to close these gaps