Fading opening spikes into levels
on
To do these trades, I need to be fast.
Considering Friday’s gains and the ON bullishness, a buy into the futures close at the open is an OK trade idea – except that there were so many levels below around the 10800 level.
After such a move as Friday – +3.4% – the Dax can easily just keep going but today, considering the irresistable number of orders would most likely be waiting below at the Friday’s high, the BNR and a couple of fibs, a reversal at 10807 was – on reflection – extremely unlikley.
