Another difficult and complicated day for the bulls. When everybody expected rises for today, SPX decided counteract. During all day i thought, everything's normal, despite the high retracement, but the reaction after the test of the 839 points made me think about it. For this reason i will show two possible counts and beware the possible triangle that can be being drawn.
DAX had done already the principal wave (A) and is doing the principal wave (B). Maybe this principal wave will be on 3-3-5. I don't think that this uptrend had finished.
DAX already made 5 waves so i think this is the wave (b) of ii.
My two cents for DAX. I strongly believe that this wave (a) will be at 12345 but everthing is possible.
The spx made only a lower low with 0.6 points. I expected a new lower low in the futures, but it went against my will. To help the "party", i didn't noticed the micro wave iv of the final v and the consolidation at 810-816 points also didn't help me. When i arrived home my stop was already activated and the "picture" become more clear.
Sorry guys. Today, i'm sad because not only i wanted long in this uptrend, but also, and the most important, because i didn't had the correct vision of the markets.
Yes i find it and it's confirm. We are now on sub iii of "a" of "ii" of this uptrend. Latter i will do the respective chart.
Wave i = 803 - 817
Wave ii = 817 -810
Wave iii = 810 - ?
So, it seems that we are already in wave ii of this principal downtrend. At night i will recount again. The charts today are very choopy.
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