FDAX Daily Chart

evvelsi gün

I keep mentioning FDAX, this is why. It's about to lose the rangebound channel it's been in for months. If it breaks, I assume daily indicators will go oversold before we see a bounce. (Note: This IS a daily chart, not 3 hr)

3 hr indicators don't work too well if FDAX goes into a free fall. Just saying from past experience.

So far it looks like US futures traders appear to be betting that FDAX will bounce because ES1! is only down 10 pts. I'm not so sure it will, we'll find out tomorrow morning.

evvelsi gün

Not

If FDAX loses support and sends cryptos tumbling, you're gonna see US financials tank because of "contagion". Too many people invested in cryptos now. Sector was already tumbling today....

evvelsi gün

Not

Looks like it broke, but waiting for confirmation since European markets have not opened yet.