German DAX
The stock market remains bearish for now, probably to retest lows from Friday, where a spike may occur before a bigger uptrend resumes. On DAX, we see the market moving very slowly for the last few days, so we assume it’s the final wave down in wave C that belongs to a big flat correction. As such, the downside is expected to be limited at 10200-10300 area.
German DAX, 1H
S&P500
We have the same view on S&P500 where the price may drop to 2080-2090 area to complete a downside reversal of a big correction.
S&P500, 30Min
