I like very much count DAX cause somethimes his waves are cleanest than SPX. What i found in this chart is dangerous at short time for the bears (maybe the P2 has even more to go up) but i must need SPX confirmation and at same time incorporate this count at the big picture. Best to your trading.
5 sub waves maybe finished the impulsive upside since yesterday lows. Let's see what they do during this day.
Short term we had to go back to the impulse count.
Think this count is more bearish since the impulse invalidate the final ending diagonal scenario. It could be the final impulse up of a C wave. Remember that ending diagonals are made of abc's.
Comments on the charts. For now, nothing change has we keep expecting a decent drop at these levels.
Best to your trading
PH
Nothing new to add about my last update. So i expect 101x's values before new highs.
Nasdaq was the first to break the trend line on Friday...a new short term trend seems to be underway. We expect a drop near 1630 support area, and after that a new uptrend to complete wave "e".
Best to your trading
PH
New trend at short term began and the beginning of the end (P2) is very close.
The clock´s still playing, tic tac tic tac, to finished this rally (medium term) and this upside sub wave (short term), but we must have some patience in order to kill the bull in the exact moment. Therefore take this weekend to rest and store a few more patience.
THIS IS MY BATTLE SCREAM FOR ALL BEARS!!!!!! Good weekend for all!
For now it's just another abc and seems my last alternative count is underway.
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