FDAX Update

Indicators are neutral but the chart pattern is bearish for tomorrow.

FDAX chart patterns can be a bit deceiving, but I'm guessing gap down tomorrow. Also, Euro inflation numbers Thu.

Kommentar:

German inflation 8.8%, highest since 70's oil crisis. No idea why they pumped before the numbers came out, lol. Guess teh algos had to buy the oversold condition, you'd think they'd just shut the damn thing off after what Powell said.

ECB has to hike rates .75%, I don't think they have a choice.

www.reuters.com/mark...8-august-2022-08-30/

Kommentar:

Dropped then reversed in the morning, lol.