Why i am long Indices in Early October30/09/16:
Db just had a huge correction forcing Germany or ECB to step in pritty soon.
With this burden on an all time low its less to bother about for indices.
Sure if db crashes then you can say goodbye to this entire plan, but probably many plans will be garbage then.
And does the world really need a new financial crash?
I dont think so...
We recently had an opec deal to cut output, personally i am sceptical due to non opec producers beeing able to pick up the pace with higher prices so this may put some downward pressure into the upcoming month.
Last we have the us stock exchanges who are all near ath's and keep hovering around that zone with no immediate new problems to be sighted (excluding wells fargo perhaps) in usa i dont expect usa indices to put much pressure into european indices into early october.
Given the current aex price (also dax and other european indices) i am prity sure to open calls on eu indices with a targetdate of a few weeks.
Check in on the other charts as well i'll comment for a zoomed vieuw.
