S&P500
FX market remains trapped in a sideways price move, so we are still not fully convinced about the direction of the USD in the short-term. But there are markets that have more clear patterns. On stocks we see nice bullish impulses that can take the price even higher in the very short-term. On E-mini S&P500 we are looking at wave four that is expected to cause a new strong push up soon. We expect a fifth wave rally up to around 2190 region.
S&P500, 30Min
German DAX
German Dax is also in a nice uptrend but with a much sharper price move compared to S&P. On the index we see an extended blue wave three that can be finished around 10700, so be aware of a slightly lower pullback with wave four back to around 10600, before we may get a new leg up; wave five of five.
German DAX, 1H
