The Dax has already reached the first target range and with 23 points has almost exactly worked through. However, as the target has already been processed within a week, this does not necessarily mean that the situation on the stock market will ease. In the short term as upward correction perhaps. It shows much more the part of the panic which must not be over yet.
On the contrary.
Due to the dynamics, panic could arise after a short relaxation phase and the target at 8,542 Dax points could be reached. At this level at the latest, the share quota should be increased to 100%, because no one who is on the move for the long term should miss such an investment opportunity in selected stocks.
A new last bullish cycle might start from here dear Stefan
Borgilskye
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Thanks Stefan, Do you have a a figure you could share for similar area of potential reversal on S&P mini? or NQ. regards
Michael
ChristosRammos
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Volumes are extremely high since this strong move down has started for DAX due to this coronavirus the fear and panic is bigger than any other time of a recession before unfortunately
ChristosRammos
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Dear Stefan my view is that this down move is to quick and strong so it could be just the beginning of a new impulsive move DOWN for DAX a MARKET CRASH the situation that has started for the economy is to bad with this coronavirus pandemia and the central banks cannot stop it by printing money....
StefanBode
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@ChristosRammos, yes, that's a multidimensional crisis. At this time we see very clear the interconnection of all markets
ChristosRammos
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@StefanBode, yes dear Stefan and as you see now never before did we have such a strong continuous move down from an other cause than public debt or bank crisis this time a physical phenomenon a pandemia triggers the multidimensional crisis it is really scary what comes next as we know the really bad situation most big banks are