Strong correction for DAX & SP500 expected from next week

In my 13th October blog I anticipated a strong rally for the DAX index to influence also US markets. Projected target price fro the DAX rally was @ 13460 but I notice now a strong resistance @ 13000 level.

I’m expecting the anticipated collapse, strong correction, to start now from early November. This correction should be a strong one and could see DAX down to 11500 and SPX below 2900, so be careful with long positions on bull traps rallies. Trade well ;o

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