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DAX GOING DOWN THE DRAIN

DAX GOING DOWN THE DRAIN

DAX Index EUREX:DY1!

The current drop is too much too fast, although there might be some fundamental issues in the background. We had a similar setup 2011 where DAX dropped very fast in a single month. From a technical perspective, I'm neutral at the moment, i.e. too much of a risk to further short right now, but also front running going long at this stage.

Expect rebound but more action on the downside in the near future.