DAX brief update

Contrary to my expectations, Dax June 13 continued higher this week, has taken out previous swing-high of 7931,5 and now levitates above this level. Recent price-action has somewhat messed up short-term outlook. I maintain bearish view, while sitting on the fence, waiting.

On the bright side — E-mini (ES) future is setting up for a swift, sizable (200+) move down. Its nasty «wedge within wedge withing wedge» current price structure has very bearish short-medium term implications. Of course, price action should confirm pattern before we act, always.