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Dax: Top spotted

I'm holding shorts in the Dax from 10206, it appears we're topping right against the top of the Brexit session. We can risk a rally above the Brexit open to be conservative with the stop or fine tune it from the 15 minute chart where there is a downtrend setup. I think we reached the top of the risk on craze, in general, so I expect heavy downside continuation in this index, and also a big move down in the SnP (also holding shorts, from 2175).

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Cheers!

Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.