P 
		
				
			
		postman
Taken a short on Dow at 17121, 30 point stop limit 17000.
17121 +30 ... 17151
Dow high 17153.8
Was my position that big they moved the market up just to take it out? 😡
Like if you've had that feeling before.
:whistling
Taken a short on Dow at 17121, 30 point stop limit 17000.
17121 +30 ... 17151
Dow high 17153.8
Was my position that big they moved the market up just to take it out? 😡
Like if you've had that feeling before.
	3pm turnaround and good morning!
Hi SD nice to see you again 👍
9320 zone is a very possible target after the current pulback has been finished, marked with a blue zone and brown S/R horizontal line, this zone also coincides with 141.1Fib EXT @ 9342 which often is a minimum target of a move still against the trend on a higher TF.There is possible ABC formation on DAX, with possible termination on B around 9610, which is 61.8 fib retracement from the last move down on Daily.
I am not advocating to catch this top, but the lack of daily close well above that zone will indicate that this ABC is in play.
If so, this will be followed by a good move down in some relation to the first move down.
This possible scenario would make Dax bearish for a while, with a possible targets even below 8000, just below it,
if so from there the Christmas rally shall start.
BUT, atm S&P and DOW is very bullish.
My strategy is to go long if daily close is well above 9610 and go short after the confirmation that that ABC formation in in play.
Attached H4 and Daily with a possible Delta count on DAX.
Someone just got an early look at the US unemployment data judging by that spike.
Must be good, but is it good enough to get it back over 17100??? 👎
Down 100 points on Dow then Squeeeeeeze. 🙄
stop at 17110
wonder if dow cash 17,111 will act as resistance