#202609 - priceactiontds - weekly update - daxMicro-DAX FuturesEUREX:FDXS1!priceactiontdsGood Evening and I hope you are well. comment: Neutral. Weekly chart is clearly bullish but how bullish is it really? We have made 6 higher highs the past 30 days for a gain of 300 some points. We are inching closer to a new ath and we can never rule out printing a new one but I think the new US war could throw a monkey wrench into that. We continue inside nested bull wedges and we are at the top of the inner one. Only thing I would do here is sell. Anything below 24900 would be amazing for the bears and we could test down to 24700. current market cycle: bull trend / nested bull wedges key levels for next week: 24000 - 26000 bull case: BTFD keeps working. I won’t change what I have written just to write new excrement because it’s still the same. We are in the same patterns and doing the same stuff. Bears can’t keep anything going and bulls buy every dip. For that to change we would have to make lower lows again. Until then bulls can be confident to touch 25640 or higher. If I were bullish, the last thing I would do is buy any dip on Monday though. Invalidation is below 24900 bear case: Bears will likely have the chance to create a risk-off narrative due to the news here. Below 24900 bulls could get forced into more profit taking because we have so much downside potential. The next big support below 24900 would be 24600ish, followed by 24200-24300. I want to be bearish but given the weakness by the bears the past 4 months, it’s tough. I reiterate once again, only a gap down with follow-through and not closing it, would open the possibility of much lower prices. Bulls need to get trapped and forced out. BTFD has been working for too long so you need a really strong move to end it. Invalidation is above 25700 short term: Tough. News could easily make us gap down below 25000 and continue down and even then it wouldn’t be the first time market then prints another higher high before finally turning. medium-long term - update 2026-02-22: I want this to go down but for now nothing bearish is sticking and economic data is not even remotely bad enough in any direction to justify selling. Something has to break.