Update DAX; Tangible effects of romance.
The DAX is moving according to my previous analysis for now.
After touching the cloud on W1 and closing under the KIJUN in June, it is slowly, but steadily moving in a downward direction.
That week, the price tested the KIJUN W1 again. In addition, on MN1 it is also bouncing off the KIJUN.
For happiness it needs three arguments:
Friday's speech by Jerome Powell could get in the way. I have it in my head that there is still time and the Fed may still want to pull the markets out before the end of the year.
But, even if that happens, I will only move my downward stance forward. Q4 2022 and Q1 2023 should bring negative data for the market - unemployment and persistent inflation.
Germany has serious problems:
That aside; I already have my first position at BE (price: 13877).
If I hear a more 'hawkish' attitude from the Fed on Friday, I'll be looking for a top-up.
After touching the cloud on W1 and closing under the KIJUN in June, it is slowly, but steadily moving in a downward direction.
That week, the price tested the KIJUN W1 again. In addition, on MN1 it is also bouncing off the KIJUN.
For happiness it needs three arguments:
- price closing under the KIJUN MN1;
- price closing under the TENKAN W1;
- price closing under the D1 cloud.
Friday's speech by Jerome Powell could get in the way. I have it in my head that there is still time and the Fed may still want to pull the markets out before the end of the year.
But, even if that happens, I will only move my downward stance forward. Q4 2022 and Q1 2023 should bring negative data for the market - unemployment and persistent inflation.
Germany has serious problems:
- rising inflation;
- rising ECB interest rates;
- the search for alternatives to energy from Russia.
That aside; I already have my first position at BE (price: 13877).
If I hear a more 'hawkish' attitude from the Fed on Friday, I'll be looking for a top-up.
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