dax

My system covered short at today's lows and is now «long». I am off for week-end. 
 

Dax June 13 has sold-off dynamicaly, thus reinforcing the outright bearish scenario. My prop indicators turned «sell» by late evening yesterday on smaller TFs, and larger TFs are turning into «sell» mode now. More downside from here would imply the immediate decline into 7400 area. Stay tuned.

Pattern in Dax June 13 becomes messy. There are several possibilities to interprete last swings. But my prop indicators turned long across the TFs. I move with the flow.
 

Dax June 13 has reversed down late yesterday and proceeds lower today. Bearish case stands intact. Stay tuned.



Though, medium term it is too early to seal the bearish case. There is a possibility that market is finishing the last down leg of a zig-zag correction. If so, new recovery highs will be achieved before the real turn down. Price action in coming days will clearify.

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Dax June 13 continues to trade higher today, exceeding my target 8450 and now is howering at 78,6% retracement level. There is no reversal-down in sight  as I write this, and trading above 8500 would shift odds for more upside ahead. 

Dax June 13 has been expectedly trading higher trough the calm session amid closed banks in London. Price by now has retraced enough complete the whole upward correction.  But there is still  a decent probability that market could extend higher up to ~8450. Systematic signals are contradictive across the TFs.    
I think market has a significant downside potential  in days/weeks ahead.

Dax June 13 traded through a pretty choppy session today, with downward bias. Still there is a fair chance for a terminal swing higher to ~8450 in order to complete the upward correction.  Indicators on higher TFs (H1 & D1) remain firmly in the «sell» mode, though. 

Dax June 13 had a 300 points dynamic sell-off after reaching my stipulated targets above 8500. Taking into account the dynamics of the downmove, I am switching to the alternative wave count I've shown the other day — that is, the  Dax has topped on 22 May. This implies much more downside outright, with targets below 7400. Short term, a residual upswing to ~8450 is possible, but any such upside should be retraced down thereafter, immediately. Stay tuned

Market has sold-off after reaching stipulated technical targets, this could imply some downside for days to come. Yet it's too early to consider market ultimate top.
Stay tuned.





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On 8 May  I said that the probable target for the advance is about 8500. Today Dax June 13 traded at 8561 — high for the day so far. So that technical targets has been met today. Yet there is no indication for trend change, and we should assume that the trend is still up. Market could grind higher in coming weeks. I expect the rally to terminate by early June. The pending reversal should bring a tremendous downside potential.