🖼 Daily Technical Picture 📈
➤ Prices continued to slide after strong pre-market gains. Gains turned to losses as consumer and employment data remain strong despite efforts by the Fed to weaken demand to fight inflation.
➤ The sell-off is nearing some support levels. Although these levels don't look particularly convincing. Prices have sliced through easily at times. Still, if we hit these levels, we might see some choppy conditions.
➤ I remain at -40% exposure with shorts on DAX and UK100. This is a low exposure. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: European indices held well relative to US counterparts which is annoying since I'm short the former. Hopefully they can play catchup. Still looking for a VIX spike to give an indication where the sell-off may reverse.
➤ Prices continued to slide after strong pre-market gains. Gains turned to losses as consumer and employment data remain strong despite efforts by the Fed to weaken demand to fight inflation.
➤ The sell-off is nearing some support levels. Although these levels don't look particularly convincing. Prices have sliced through easily at times. Still, if we hit these levels, we might see some choppy conditions.
➤ I remain at -40% exposure with shorts on DAX and UK100. This is a low exposure. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: European indices held well relative to US counterparts which is annoying since I'm short the former. Hopefully they can play catchup. Still looking for a VIX spike to give an indication where the sell-off may reverse.
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。