Selling the DAX again...

Very quick post here, since we're at a key support.

Here's how the DAX is positioned right now.

We've traded back into that big broken level - the level I like to call 'War Support'.

Here is the initial set up from back in February.

We're facing some ECB chatter today, which indicates some 'we don't know what the fuck we're doing.

Couple this with the addition of Brainard's comments yesterday...

...combined with Powell's answer to Senator Shelby a few weeks ago...

...and it seems like we're in a mode of big hawkishness stemming from the US, but policy confusion and concern at the ECB.

Which one spells greater trouble is to be seen, however markets don't like uncertainty or differences in opinion stemming from the decision makers at the respective central banks.

We also had Zelensky say this just a few minutes ago...

This provides geopolitical risk and since the DAX is in closer proximity to the conflict, we are still playing that central idea in terms of risk to reward.

We must always be concerned with what the Fed is doing though, and this evening we have the FOMC Minutes from March.

Now, looking to what Powell and Brainard have said, I am expecting some extra hawkish chatter to come of it, which naturally isn't good for risk.

Looking back at the DAX, currently I am short on FDAX and DAX minis from 14266, 14478 and 14446, with the expectation that we do start heading back to 14000 with relative ease.

Chinese PMIs were released overnight with the Caixin PMI Composite reading 43.9 (prev 50.1).

This weighs further on the global output and growth picture, of which Germany is a big part of...

And we can also factor in Eurozone producer prices, also released today in here as well, which came out as a negative beat on the previous at 31.4%, prev 30.6%...

The ECB are fucking mental if they think they aren't to do anything in this situation.

Keep it tight!