Dax-100 points more and the “central planners” effect is gone
The day started out in a strange risk on mood. Well, things have gradually changed during the day. The DAX is trading rather weak. While the US traders were asleep, the DAX was actually in “good” positive territory. After reversing it is now down 3,35% from the highs. That is not bullish price action.
Note how the DAX has given back 50% of the move up created by the central planners. 100 more Dax points, and the effect everybody cheered will be gone….
Dax trading vweak, and with liquidity very light, this smells of another Flash Crash move coming up.