The DAX Futures is trading at 12,393.20 with a loss of -1.06% or -132.80 point.The FTSE 100 Futures is trading at 5,973.80 up with +0.54% percent or +31.80 point. The CAC 40 Futures is trading at 4,865.00 up with +0.33% percent or +16.00 point.The EURO Stoxx 50 Futures trading at 3,212.00 up with +0.63% percent or +20.00 point.
TODAY’S FACTORS AND EVENTS
German DAX has made a very strong recovery from March lows, however, this recovery can now be slowing down based on two interpretations we are observing. The first one shows a potential flat correction in the making for wave II, where we are looking for a five-wave fall into wave C even back towards 1600 level. Then we have another wave count, count #2, that shows a potential top formation in wave 5 of I. This is also a bearish interpretation for the near future, as deeper, thee-wave A, B, C set-back could show up.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 12,379.65 with a loss of -3.45% percent or –442.61 point.the FTSE 100 closed at 5,989.99 with a loss of –2.31% percent or –141.47 point. France’s CAC 40 closed at 4,852.94 with a loss of –2.13% percent or –105.80 point.
WORLD MARKETS
For the day the Dow is trading at 26,313.65 with a loss of -0.85% percent or -225.92 point. The S&P 500 is trading at 3,246.22 with a loss of –0.38% percent or -0.38% point. The Nasdaq Composite is trading at 10,587.81 up with +0.43% percent or +44.87 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 21,710.00 with a loss of –2.82% percent or –629.23 point. Hong Kong’s Hang Seng is trading at 24,696.03 with a loss of –0.059% percent or –14.56 point. China’s Shanghai Composite is trading at 3,305.61 up with +0.57% percent or +18.78 point. India’s BSE Sensex is trading at 37,677.58 with a loss of –0.16% percent or –58.49 point at 12:15 PM.
Rules of Discussion on DAX Futures
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.