The German Stock Index 
DAX made a new All Time High yesterday only to close back inside the high's recent price action. This sets up a clear Spike with today's close back inside.
Many signs in the US stock market are pointing to the market turning over for at least a bearish correction. I'll be watching theDAX for a bearish play of this Spike: possibly back down to the 50% of the rally since August 2024.
DAX made a new All Time High yesterday only to close back inside the high's recent price action. This sets up a clear Spike with today's close back inside.Many signs in the US stock market are pointing to the market turning over for at least a bearish correction. I'll be watching the
DAX for a bearish play of this Spike: possibly back down to the 50% of the rally since August 2024.Trade active
Found EWG is the best instrument to express the trade using options.IV is elevated so did a Diagonal Spread October25 35P/April25 33P
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.