Dax Breaking Out Finally!
Settlements
Let’s jump right into our Dax futures chart, we are excited at the prospect of this finally breaking out, take a look:
As you can see the contract is virtually unchanged when looked at from the perspective of going back in time. Yes we had the Covid flush, we have worked our way back to putting in a range and now after some 6 months, finally breaking out to the upside. The Euro is surging, the Dax is surging and we can only suspect that any new stimulus and continued QE will see risk assets continue to rake it in.
We hope you enjoyed the earlier post and we hope you share it with those you think would like to learn about the way we think, the way we view things, we would appreciate support in that regard.
We also saw that FannieMae is pretty optimistic about 2021, this article is full of some decent charts, so give it a read, here’s the link, There’s Light at the End of the COVID-19 Tunnel
Finally here are today’s settlements for the futures and cash markets …
