My trade for today on DAX. Bought pre-market futures and sold after open. What sucks is when you buy a little it goes your way but when you buy a lot it goes flying in the opposite direction.
DAX has fallen sharply in price, and it looks like it will fall further. I'm going to sell on Monday.
German Markets are really in trouble right now. We are concerned about the German Banks & Automobile Industry. Banks are suffering under the ECB Policy. The car makers have huge trouble with the European Parlament overregulating Diesel Driven cars. Currently we trade at 10.561 Points, 24 Points below the Fibonacci - Retracement. Next support would be 10.200 Points. The valuation is very fair, PE for 2018 is 12,03 PB is 1,5 - good for long-term investors I guess.