First of all, to be honest, DAX gained more than I did expect before we got into a corrective down move. The current correction from ATH is now about 5% and we could see another -5% before the [...]
DAX has not had a significant (-10% or more) corrective move downwards in ~400 days. The mean bull cycle counted in days is about 400 days, that is we should expect a correction now or very soon. [...]
Below some DAX stats that should be useful for swing traders. The cumulative percent should be used for calculating the probability for the DAX index to continue higher or lower during a week [...]
DAX weekly advancing and declining statistics, useful for swing traders when setting exits etc. Data analysed between 1992 – 2016 and first week of year not taken into consideration. [...]
DAX managed to close last week in green once again. This was the 7th positive weekly close in a row. Although it is quite unusual to get this many green weekly closes in a row, it is not a new [...]
This will be a very short update on DAX market breadth (or market health whatever you want to call it). I measure the market breadth below with McClellan Oscillator for DAX. The underlying [...]
This will be a short market update, where charts should speak for itself. If anything is unclear, drop me a line at Twitter or Stocktwits. $VIX as an overlay on SPY monthly chart. When $VIX is [...]
Breakout seems valid but pace too steep The ~120 days DAX technical trading range (10 250 – 10 800) was finally destroyed at the beginning of this week. The breakout seems valid but the [...]
DAX pulled back quite hard last week. Not even close to a panic sell event but it managed to put an ugly candlestick on the weekly chart. Also the monthly chart is ugly at the moment but that is [...]
