I've been following the big picture and now, it seems to me, that this is not the sub wave iii of V. To change this idea i must see a huge sell off on DAX. In short term i think its still missing one mini wave down to complete this downtrend.
P.S. SPX is already in 77x's and DAX still above the 4000's. To me is very strange. The stop of my count in this possible mini wave iv is on 4200 points and is not as i show in the picture.
As i like DAX and SPX with the similar count i change few things.
Still very hard to count spx but i don't see reasons (see the trend line) to sell my puts if already we are on sub wave iv.
I think is still missing one wave down to complete this sub wave. My stop still on 4250 points.
I'm not sure if the mini wave v had finished due this waves are hard to count but until now is everthing ok.
It's not clear if this mini wave v was finished. I have two options.
I think this mini wave v is doing an ending diagonal triangle. Values above 800 (spx) and 4250 (dax) invalidated this count.
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I made a small change on DAX count (more bearish). Appears that this mini wave v can be expanded , since this day, DAX almost complete 5 waves down and SPX not yet started the respective mini wave v (if started is in the beginning).
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