Nice trading week. Hope that all of you made some money. I think today's movement after all was in a corrective wave (my stop was activated). So the last update was wrong. During this weekend i will update my charts.
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For me this is a impulsive wave but i need more data to confirm that. Good lock with your trades.
My two cents for today. I'm short since 858 :P. I think this is wave (b) of the ii but this pattern is more impulsive that corrective. Below 832 points i think thats better stop the longs to see what happens.
The count of DAX and SPX are similar, so we began today this wave ii.
Now we began this countertrend (wave ii) but i need more data to resolve this puzzle. However, I think this wave ii final target could be between the 50% or 62% of Fibonacci.
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