SPX and DAX intraday update

Friday, February 19, 2010

New highs may will be made despite my last update (sorry guys I didn't have time to confirm some counts). Seems is missing one last spike for DAX at medium term.
 On other hand at SPX futures since yesterday highs is clear (5 min time frame) one corrective pattern.

At medium term we have some alternative counts, like wave ii already finished or still missing something to completed (this last chart). Despite these alternative counts I believe this will be a reversal area at short term. The first bear signal will be price below the MAE 50 (+-1095).

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