DAX - a repeat of 2015?
You will remember the momentous crash a year ago this week. Could it happen again.
Overlaying the price action from May 13th to Brexit onto the current chart (Today, Aug 20th, we are at 9th June) is a very good fit, and suggest one more high, about 10700, which will fade back to 10500, and then enter a steep (ie very quick0 fall of 7-8%, probably down to the July 19 low of around 9900.
Notice how the sharp fall is predicted on exactly the same day, August 24th!
This is all predicted to happen in August, and it is notable that DOTM puts are already quite expensive, for example SEP 9900 PUTs cost 54.3 points (ATM 10550s are 193). I am looking to short 10700 and add to it on the way down,
Overlaying the price action from May 13th to Brexit onto the current chart (Today, Aug 20th, we are at 9th June) is a very good fit, and suggest one more high, about 10700, which will fade back to 10500, and then enter a steep (ie very quick0 fall of 7-8%, probably down to the July 19 low of around 9900.
Notice how the sharp fall is predicted on exactly the same day, August 24th!
This is all predicted to happen in August, and it is notable that DOTM puts are already quite expensive, for example SEP 9900 PUTs cost 54.3 points (ATM 10550s are 193). I am looking to short 10700 and add to it on the way down,
Penafian
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