🖼 Daily Technical Picture 📈
➤ Equity markets continued to bounce and bounce hard from the support level. It is looking very orderly, VIX is dipping in concert. It is seeking to re-test the 4200 level once again.
➤ It is unclear to me if prices will take a detour prior to the re-test in terms of a short-term reversal or the Bears are happy to wait to apply pressure only at the key resistance level.
➤ I halved my DAX and EUSTX50 positions. My overall exposure is +40%. This is a low conviction level. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: Bulls in control. Re-test imminent. Will the Bears re-assert themselves and break the confidence of the Bulls?
➤ Equity markets continued to bounce and bounce hard from the support level. It is looking very orderly, VIX is dipping in concert. It is seeking to re-test the 4200 level once again.
➤ It is unclear to me if prices will take a detour prior to the re-test in terms of a short-term reversal or the Bears are happy to wait to apply pressure only at the key resistance level.
➤ I halved my DAX and EUSTX50 positions. My overall exposure is +40%. This is a low conviction level. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: Bulls in control. Re-test imminent. Will the Bears re-assert themselves and break the confidence of the Bulls?
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.