W43 E-Mini S&P500 and Dax: Breakout Mode before Midterms

Описание: Week 43 E-Mini and DAX Recap.

A rocky road this week for the markets. Nasdaq sold off sharply and Wall Street was risk off. The S&P 500 bounced around a lot to close the week fairly on its low. The Dax wasn't much different with a very spike and channel rally over two days to lose it all in the final hours of the week.

I think the market is in breakout mode awaiting the Midterm elections. In this video I want to show the same pattern from the prior elections and what followed. In general I think sideways, lower and then a lot higher is the most likely path.

No indicators. Just pure price action on the 5-minute chart.

What's covered:
00:00 ES Weekly and Daily
07:20 ES this week per day
18:54 DAX breakdown
23:50 DAX this week per day

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tim-stout.com

I'm Tim Stout — futures day trader based in Europe, specialising in DAX and ES. I trade the 5-minute chart with zero indicators using Pure Price Action. Guest Presenter in the Al Brooks Trading Room.

#dax #sp500 #emini #eminisp500futures #sp500futures #priceaction #futurestrading #daytrading #marketrecap #weekinreview