Trend based on my system: Daily/Weekly/Monthly - Mixed/Mixed/Up
As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate.
If you believe in mean reversion, then it's a different thing.
My bias zone is 13287-13302.7. Above 13302.7, resistance are 13339 and 13377 should cap high of day. Personally, I won't want to be long today above 13302.7. Below 13287, target 13225, 13167, 13147 and 13115-23. In the event of stronger sell, 13040 should cap low of day.
As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate.
If you believe in mean reversion, then it's a different thing.
My bias zone is 13287-13302.7. Above 13302.7, resistance are 13339 and 13377 should cap high of day. Personally, I won't want to be long today above 13302.7. Below 13287, target 13225, 13167, 13147 and 13115-23. In the event of stronger sell, 13040 should cap low of day.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.