🖼 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
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🏆 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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.