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The indices are searching for support but we may well be getting close to the end game here as Trump threatens to go 'all in' with a tariff on the remaining imported goods from China ($500 Billion). Chinese can't respond in kind and have started to talk of a boycott instead, time to do a deal?

4 Hour charts;

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HI @Kazeko, I don't trade the Nasdaq but included the post on it a week ago as it made an all time high and many think it is something of a leading indicator for indices. If I were a long-term trader (which I'm not) I wouldn't be trying to pick the highs. The uptrend prevails and with no resistance levels ahead where the bears might ambush price dip buying is the only play until the bears have shown they have taken control.

I look at the Dow every morning as it is often a leading indicator for the other global indices then I look at the Dax as that is the one I'm going to trade. If the dow looks bullish I would be looking for similar signs in the dax but more importantly I am looking for price to move from one support/resistance level to the next on an intraday basis.

This morning there were mixed signals but if you look at yesterday's dax post price was moving up off clear support and the target was also clear and that was indeed how the day transpired.

So I don't really try to make predictions, basically I'm looking for clear direction with a clear target then I'm looking for an opportunity to jump aboard.

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