Dax30short
DAX30 possible scenario, very important day!
Strong reaction in the night of the American futures which once again have been crushed on the lows, Asian choral bullish movement that pull prices back to the highs of the week.
Today if the scenario is confirmed also in the USA and in the EU, the closing of the highs of the important 8 days just passed will anticipate the bullish exit of the powerful weekly setup and the probable restart of the annual cycle
DAX - Dead-Cat-Bounce - FINANCIAL CRISIS OPPORTUNITIES 2020German and European stock market is in a very bad shape and is crashing much faster as during the DotCom bubble and faster than in 2008!
All major indices crashed during last few weeks, but the DAX looks weaker than the Dow and S&P500 . It is a flash crash with extremely high bearish momentum, which broke through the 50 and 100 MA moving averages! The 200 monthly MA is at around €8000 and this may hold support.
I expect a strong short/intermediate-term bounce from the support zone between €8000 - 7000 which could initiate a rally up into the dead-cat-bounce zone which is between €9.150 - 10.000! Sentiment is extremely fearful and dump money is leaving the space, therefore I think a big bullish bounce will come soon (dead-cat).
Long-term bearish outlook:
On the weekly time-frame a triple MA death cross is nearing and is only a few weeks away.
Price broke below ALL major weekly MAs (50, 100 and 200 MA). Price action below major MAs -> bear market!
A Coopock Curve sell signal will be triggered soon (when COPP curve crosses below ZERO line).
This could be the beginning of something big and it will be worse than 2000 and 2008!
The long-term debt cycle is ending and this in combination with toxic leveraged derivates could result in a debt death spiral!
Ever increasing government spending, more and more bureaucracy, increasing taxes and negative EU sanctions for big businesses forced investors to leave the market. This already fragile market only needed a black swan event to TRIGGER the END GAME. There is not only one black swan, the Coronavirus which is causing worldwide supply chain disruptions (= supply shock)! There is another black swan, which will have severe impact on the world economy which is the oil conflict between Russia, Saudi and USA!
Banks now begin to print massive amounts of FAKE fiat money to bailout big companies and whole sectors, which will result in a massive dilution of currency supply and loss of buying power of the EUR. Unemployment ratio raises very fast which is an indication that we are now in a depression. If this depression results in a death spiral, the economy will need a very long time to recover from this (look back to 1929).
ECB will soon print €750 billion to pump up the markets artificially with the Coronavirus as official main reason.
In approximately 18 months most fiat currencies will weaken drastically because new printed fake money will trickle down into the real economy and dilute purchasing power even more, which is like a hidden tax for savers.
I recommend withdrawing your funds from your bank and convert it into real money like gold , silver and Bitcoin before this Ponzi system breaks down completely.
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DAX: where to start short againLittle bullish correction movement for #DAX
8850 could be a good level to start selling again
DAX in Trouble?TF: Monthly
Massive bearish divergence has been brewing on the RSI since 1997, which is pretty dicey. Im not implying DAX is going to crash and head southwards next week or next month, but we could see some massive decline if the major trend line fails over the long-term or a nice push up if the trend line is respected.
This trend line has held since the early 1980s, I will be watching how price reacts here over the long-term.
This could turn ugly for german stocksWell, Dax just broke an important weekly support, let's therefore look at the longterm monthly picture.
We see that the monthly MA200 had excellent support the last times in 2001 and 2008. If this scenario was to repeat, and we indeed
get a financial crisis due to the corona pandemic, then we might see Dax go as low as 7000, before rebound. New all time highs in this case not before 2023. Brutal!
#Dax - First Target Hit! #Dax30The Dax has already reached the first target range and with 23 points has almost exactly worked through.
However, as the target has already been processed within a week, this does not necessarily mean that the situation on the stock market will ease. In the short term as upward correction perhaps.
It shows much more the part of the panic which must not be over yet.
On the contrary.
Due to the dynamics, panic could arise after a short relaxation phase and the target at 8,542 Dax points could be reached. At this level at the latest, the share quota should be increased to 100%, because no one who is on the move for the long term should miss such an investment opportunity in selected stocks.
Best regards
Stefan Bode
#Dax30 - Just the Beginning? #grxeurLike and subscribe, so that you are always up to date!
The analysis is not yet complete but here you can see in my opinion the preliminary basic structure of the Dax.
If this prevails, then the crash was just the beginning and part of wave 1, but then all those who are still invested long in the market should use wave 2 to sell their positions and hold cash in order to be able to enter the market again at a much lower price later.
I will deliver the big picture separately later. Be curious about it.
Greetings from Hannover
Stefan Bode
P.S. Liken and subscribe!
ridethepig | Green/CDU Grand Coalition Cooking in GermanyA fresh round of poll updates from Germany with CDU/Green coalition in play:
=> CDU/CSU-EPP: 28%
=> GRÜNE-G/EFA: 23%
=> SPD-S&D: 12%
=> AfD-ID: 11% (-1)
=> LINKE-LEFT: 9%
=> FDP-RE: 9%
We are marking the highs as widely mentioned previously in the 2020 Dax Macro Map:
Markets are unable to shrug off risk from Coronavirus and we are spreading into waterfall mode. PBOC stepping in to attempt stopping the bleeding but smells too little too late. No surprises EUR showing signs of marching in the opposite direction:
Those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities. This is crunching time for the Fiscal side in Europe, if Germany start to turn on the fiscal taps (too late anyway) then the logical follow up is EUR long.
Thanks as usual for keeping your support coming with likes, comments, charts and etc!
The meltdown is near on Dax 30We can see a huge head and shoulders which is near to be validated on the monthly time frame.
It is necessary to track the RSI which is present a nice bearich divergence and below the neutral zone of 50 the situation will be critical so in my opinion and in this situation the market will not support an another bad news.
DAX to 14120No matter if #DAX will go short just for a while to charge the price.
We will go long to 14120
DAX 30 SELL SIGNAL!!!The price level is below the hermes support level. The probability of decline is higher then price increase.