Daily analysis & day trading setups DAX DAX40 DE30EUR 05 SEP 22

5 Sep 2022

Happy Monday, Happy New Week,

Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes.

We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442 will put bears in the driving seat.

Macro EU DE+GB Composite PMI, Retail Sales

Buy
Break: 12 616, 680, 780
Reversal: 548, 463, 371, 307

Sell
Break: 12 632, 560, 475
Reversal: 12 695, 795, 902, 13 015

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

• NASDAQ
• DAX
• SPX

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>

5 Sep 2022

Nota

After massive wins of Friday, I am largely staying away from the market today

In the absence of volume (US holiday), the market is going to range erratically and it is not good for your trading psychology nor for your account balance

Unless market shows decisive move above 12 752 or below 12 587, it is not worth my money

This is the mess the market is currently dealing with