This is a 6H chart of the DAX. Markets globally are heading south. Even the super-resilient Brazilian Bovespa is beginning to buckle. In this screencast I show what the price action is like for the DAX and why I think the market is exhausting. I may well be totally wrong - but I'll limit how wrong I am with an acceptable stop-loss.
Three main issues plague the DAX and other markets globally:
1. China trade/technology war.
2. Tariff man picking a fight with Mexico
3. And as of a couple days ago Tariff man has squeezed India by ending special trade treatment. (Google is your friend on that one).
From what I see, the house of cards, the Ponzi scheme that is global markets is falling. I'll take my losses in shorting these.
Disclaimer: This is not a recommendation to trade. Opinions here are my own. If you make decisions based on this and you lose your money sue yourself!
Three main issues plague the DAX and other markets globally:
1. China trade/technology war.
2. Tariff man picking a fight with Mexico
3. And as of a couple days ago Tariff man has squeezed India by ending special trade treatment. (Google is your friend on that one).
From what I see, the house of cards, the Ponzi scheme that is global markets is falling. I'll take my losses in shorting these.
Disclaimer: This is not a recommendation to trade. Opinions here are my own. If you make decisions based on this and you lose your money sue yourself!
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