Finally the wave iv ended :). It would be nice see VIX above the MA50 to have some panic in the markets. No panic no capitulation.
Possible targets for end this wave v of iii of v:
SPX - 700-720 points
DAX - 3500-3600 points
New count to DAX (draft). I still wait for a new sell off.
One alternative count for DAX. Wave iv and triangle looks good for me.
No changes in my count. I think this wave iv is finished today.
I think DAX is already on sub v f iii. So, i don't expect new highs in DAX and SPX. We must go down without mercy :))).
Dax already confirm that we are on wave v of iii of v.
As SPX and DAX had new lows during this week, i think that we must down again to close this wave iii of V.
I'm back from my weekend (fantastic days of pure relax) and this nigth i will do the SPX and DAX dialy updates.
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