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Tuesday, November 13

13th Nov - View: Dax

To "KalkkisPena", enjoy!


Trend is up, but now there is more downside than upside.

Medium-term uptrend broken, currently range-trading.

The range up close. Currently near the downside - a move toward upside is now more probable. Notice the teeny-weeny marginal new lows during the range - stopper's paradise!

Finally, DAX vs. SPX. Of course, EURUSD has been weak, almost by the same amount as the recent difference between the two series.   

Sentiment: A lot of bad news (recession, Spain, Greece, fiscal cliff, politicians that only dick around etc etc.) are currently priced in. Even a small positive could improve the mood.