Dax June 13 has been trading in choppy sideways manner today. The larger trend remains DOWN, albeit I expect some moderate upward bias (probably upto 7756) tomorrow/Wednesday in order to finish-off the developing upward correction. Then the downtrend should resume.

Stay tuned.

on 3rd April I wrote: «Dax June 13 turned down, I sold short today stop 7967. Pattern-wise it's still messy, but my prop indicators turned into sell-mode. „

Today Dax June 13 has reached inta-day low of 7672.5, thus taken out previous low of 27th March. Bearish case remains very much on-track and reinforced by the recent price-action. 

Stay tuned. 

Dax June 13 turned down, I sold short today stop 7967. Pattern-wise it's still messy, but my prop indicators turned into sell-mode. 


P.S.  While i dont think that making provoking calls is good idea for a trader, still I must say, that it is my personal belief — today, 03 April 2013, US indicies -SPX and DJIA, have both finished their 4-year  Bull trend from the lows of 2009. From now on, Global Markets are into the next Bear market, and it is gonna be quite a trend. 

Contrary to my expectations, Dax June 13 continued higher this week, has taken out previous swing-high of 7931,5 and now levitates above this level. Recent price-action has somewhat messed up short-term outlook. I maintain bearish view, while sitting on the fence, waiting.

On the bright side — E-mini (ES) future is setting up for a swift, sizable (200+) move down. Its nasty «wedge within wedge withing wedge» current price structure has very bearish short-medium term implications. Of course, price action should confirm pattern before we act, always.
 

The small upward correction in DAX-June13 appears finished, and it is another low-risk entry to add short-exposure against 7836.5 stop.

Dax June13 dropped down dynamicaly yesterday, just as expected. It has catched some upside traction into the day closing, which I suggest to be yet another brief upward correction, targeting 7850/7875 area. Down-trend should resume in earnest later today. 
Big bicture remains bearish, pointing to a cluster of targets well below current levels. 

Dax June13 has made a bit more complex upward-correction than I anticipated in y/day review, holding up to Wednesday afternoon. Odds are it is over by now, I  am short vs today's high of 7931,5.

DAX June 13 has lined up for low-risk, high-probability «sell» entry. Today's choppiness might be enough to complete the upward correction. If so, immediate hard selling should follow, now.

After y/day's sharp sell-off, DAX-June13 is consolidating, with very sluggish upside traction if anything. Odds are it is a small correction before another strong wave of selling. Market may hold into Wednesday, or fall outright.

Stay tuned.

After y/day's sharp sell-off, DAX-June13 is consolidating, with very sluggish upside traction if anything. Odds are it is a small correction before another strong wave of selling. Market may hold into Wednesday, or fall outright.

Stay tuned.