DAX IndexLong
Santa Rally possibly in the last two weeks of the year
Updated
After ugly selloff due to trade worry, I believe market will find support after end of this week.
Previous selloff was driven by pure fear of escalating of trade war. China and US desperately want to stop the markets from bleeding and restore confidence to investors.
Statistically speaking, December will closed with positive percent.
Long catalyst (temporary): Fed pause rate, ECB new bond buyback plan, Santa Rally (Yeah)
Timeframe: 20 working days
Buy zone: 10394-10532
Previous selloff was driven by pure fear of escalating of trade war. China and US desperately want to stop the markets from bleeding and restore confidence to investors.
Statistically speaking, December will closed with positive percent.
Long catalyst (temporary): Fed pause rate, ECB new bond buyback plan, Santa Rally (Yeah)
Timeframe: 20 working days
Buy zone: 10394-10532
Note
New Bond BuyBack Plan. Long position for Santa Rally
investing.com/news/economy-news/eu-court-rejects-complaint-against-ecb-stimulus-program-1717634
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