Today Dax Index presented a breakout trading opportunity and I’ve made my Short entry:
Yesterday the SP 500 index rose to the high of the previous day and returned violently down, stopping at the 10 day Moving Average.
For the particular case of the Dax index, today, a break down from the yesterday’s Inside Candle occurred at the market opening time, allowing to foresee the continuation of the decline.
Just like predicted, today the Dax has reached the lower line of the trumpet @ 9790 and declined to the minimum of 9756.
This week wasn't as good as the previous, but still was not bad.
We may have a "pullback" for the Leading Indexes, early next week.
Which you all a nice weekend.
Gold dropped and then rebounded on this Monday to near three-month highs, reaching 1329.31.
Geopolitical instability has been underpinning the yellow metal in recent weeks.
This is not good news for Stocks.
U.S. stocks rose to records, as gauges of factory output in major economies signaled expansion.
The U.S. economy is seen as stable. Valuations are not cheap, but that doesn’t mean the end of the bull market.
Major Indexes benefited and climbed significantly today.
We might watch to a narrow day in the markets tomorrow.