2022/12/22 (132) Technical Analysis – XETR-MBG & CBOT

Our Old Long CBOT_MINI-YM1! Closed On Monday
– A New Long CBOT_MINI-YM1! 4XSetUp Opend On Tuesday

Why I Reluctantly Prefer A Long/Short 4X SetUp Trading Capability Again In The Dow Future – Even CBOT_MINI-YM1!

I have read the criticisms many of my readers have emailed to me (Devise2Day@fmail.com). Even if I didn’t answer all of them. But I read all, at least.
That`s why let me write again, sime basoc thoughts, from my side! Of course, I am also interested in you, yes you, my faithful reader, closing your current trading account and opening a new one with one of my nine affiliate online brokers! But that’s not the main goal of my DEVISE 2 DAY Affiliate Financial Market Online Newspaper. And I wouldn’t offer any DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition available to you free of charge. Because in addition to the always existing possibility of an upcoming profit on the financial market, the focus is rather on competent information from us, to you. Because I not only want to inform you to the best of my knowledge and belief, but also that you, after reading each DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition, can also say to yourself: “I learned something again today!” So that you will also remember me fondly as your educator, as your head coach when it comes to price actions about the financial markets! And that regardless of the result (profit and/or loss)! So that you can be sure to read, analyze, evaluate and get impeccable competent information from me, as well as from all my nine affiliate online brokers. Without getting the slightest fear that this is a deliberate deception on our part. I believe in what I am writing to you – regardless of the personal opinion of all employees of my nine affiliate online brokers. Nobody has ever forbidden me to formulate something, let alone put it in my mouth to write something specific. So you can continue to expect to be better informed after each DEVISE 2 DAY Affiliate Financial Market Online Newspaper than before – better than anyone who hasn’t read the current DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition! But of course I don’t want to and can’t promise you a guaranteed profits also…

Our New Old Short-Term 4XSetUp, Around Christmas Season 2022 And/Or The New Year 2023

Our entry price was and is the close of Tuesday trading, 2022/12/20 at 33053 points on the Dow Future – even CBOT_MINI-YM1!. I got cold feet because, on the one hand, our previous long 4Xsetup performed faster and better than expected. And on the other hand, the reaction of the market price action, even of the other financial market participants, in the last few days, I had wrongly expected. The sell-off on WallStreet after excepted FED, ECB and/or BOE monetary policies.
That’s why our new old long entry, from Tuesday, 2022/12/20, at 33053 points. With a tight stop price at 32686 points. And our old target price at 35413 points – until the end of March 2023 (just the end of the 1st quarter of 2023). So, of the Dow Future should fall below 32686 points during the Christmas season 2022 and/or the beginning of the New Year 2023 – so that we then can realize our losses at the latest! In order to climb back over 33000 points later? I will formulate a new old long 4XSetUp! This is my basic short-term expectation regarding about the Dow Jones Future – eveb CNOT_MINI-YM1!. Of course, I don’t want to and/or can rule out the possibility that we will trade new old lows in the Dow Jones Future, below 29,000 points, possibly also in the 1st quarter of 2023. That’s why the relatively short stop price to limit our losses in advance. Even if many of my readers have criticized me for this long/short 4XSetUp trading capability. But still admitted to wanting to continue reading every further DEVISE 2 DAY Affiliate Financial Market Online Newspaper Editions. However, I somply don`t except that the bears should take over the preice action in the Dow Jones Future, even CBOT_MINI-YM1!, again. And admittedly, I Don`t have the courage either to formulate a short 4XSetUp trading capability, about the Dow Jones Future, like at the beginning of 2022, in the Nasdaq! To continue to be honest…

US Initial Jobless Claims Rise Less Than Expected, So That Wall Street Rally Pauses
While DXY Firms Above 104 And/Or US Treasury Yields Rise Following Upward GDP Revision Today

The number of Americans filing new claims for unemployment benefits rose by 2,000 to 216,000 in the week ending December 17th, below market expectations of 220,000 and extending signals of a stubbornly tight labor market, adding to hawkish projections for the Federal Reserve along with the upward revision to the US GDP. US stocks traded sharply lower on Thursday, with the Dow Jones losing nearly 550 points, the S&P 500 falling 2% and the Nasdaq down 3%, as strong economic data raised concerns that further monetary tightening would be necessary. The final estimate for GDP growth showed the US economy expanded 3.2% in Q3, higher than 2.9% in the second release. At the same time, the claims report continued to point to a healthy labor market. On the corporate front, shares of Micron Technology fell nearly 3% after the company forecasted a bigger-than-expected loss for the current period. On Wednesday, the three major averages booked a strong 1.5% gain, but the rebound proved to be short-lived. So far this month, the Dow is down nearly 4%, S&P 500 over 6% and the Nasdaq around 8%.

The dollar index firmed above 104 on Thursday, after a batch of upbeat economic data reinforced the case for further monetary policy tightening. Updated figuresshowed the US economy expanded more than initially estimated in Q3 and weekly claims rose by less than expected last week. Still, the greenback is close to its lowest levels in six months amid fears that further monetary tightening from the Federal Reserve could tip the world’s largest economy into recession next year. Last week, the Fed raised interest rates by a more moderate 50 basis points but indicated that the terminal rate could reach 5.1% next year, higher than markets anticipated. While the 10-year US Treasury note yield rose firmly above the 3.6% mark, hovering 15bps higher since the start of December amid aggressively hawkish decisions and guidances from major central banks, while investors digested final growth data for the United States. The US economy expanded by 3.2% quarter-on-quarter in the three months leading to September of 2022, above earlier estimates of 2.9% and pointing to slightly better resilience since the Federal Reserve started its tightening cycle in March.

Use The 50SMA, The 100SMA And/Or The 200SMA In The Dow Jones Industrial Average, Also Today Once Again
– To Det Daily Technical Analysis Confirmation As To Whether Our Short-Term Bullish Expectations Are Also Confirmed In The Medium Term

Closing price from today’s Thursday are 33027.50 points. The 50SMA is currently trading at 32863.03 points. The 200 SMA is currently at 32448.51 points. And/Or the 100SMA at the same time at 32190.36 points. As long as the DJI (Dow Jones Industrial Average Index) is trading above all 3 SMAs in a full candlestick on each trading day closed data, I would still like to technically argue with a short-term technical recovery, which will hopefully turn into a confirmed medium-term technical recovery. And then just as long as the DJI is only traded above all 3 SMA`s (Simple Moving Averages)! Because that’s what our new old long 4XSetUp in the corresponding Dow Future is aiming for, just CBOT_MINI-YM1! And that regardless of the current monetary policy and/or economic data, which I, as usual, in the Central bank 4XSetUps, and/or also Economics 4XSetUps, will also continue to address and/or comment also in the future, in every D2D Edition – like today…