EtornoCapital

Short - Dax - long term Sept. with an expanded bottom

EUREX:FDAX1!   DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
I am staying bearish . Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet, and the chance they default or need to pull a Lehman seems more of a direction. I have no reason to be optimistic when the theoratical cycle seems to indicate a recession. I aimed for recession 2022, but it might get a much faster pace.
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