DAX 19/04 Alt View

Added time goals.

This is my alternate view for the bears. Currently wave 4 of 3. then enter a larger degree 4th. so my guess is a few weeks of range trading.

DAX Trading 12/04

What we expected lazy bullish bias. Range 100 High 7884 in the middle of my expectations.

Divergence in the RSI and Stoch it can also be seen on CMO (graph at bottom of chart)

I am expecting a corrective move, the depth should give us a clue as to the next pattern Range from 7860 down to 7624. 

A shallow retracement less than fib 0.50 more than likely wave 2 so we should anticipate more upside into wave 3. A deeper zigzag 0.6 or more will indicate a B wave of b

My trading plan is to sell on a break of today's closing, looking for a 0.61 correction min prefer 0.7 or 0.9.

Targeting 7724 (support zone) to 7624 area.

Robot 1 entered long profit $ 53.73

Robot 2 2 longs and a short profit $ 127.05

S&P ED progress

17  April.
So far so good. Wave 4 went deeper than expected and ended in the extremes. C wave is untidy and difficult to read and could have truncated ending where the (2) is marked. It has now entered the failure zone 1575 - 1585 if it breaches I would expect a min of 3 = 5 =1602 or 1611(c truncation)
The alternate count indicats the start of wave c down.

The S&P Ending Diagonal theory. This chart shows the variation. The MACD and Stochastic are divergent  A breakout of the flag should be short lived and I expect a severe 4th wave decline entering into the territory of wave 1 sub 1573.

So far so good.

The min requirement is complete , but there could be a 5th to 1600.4 lurking in the bushes

Ok no sneaky buggers hiding. Top want 95, we got 97, the plan is unfolding as expected.
Wave A range is indicated as support in brackets on the chart, again the lower is preferred 1575. Wave C should then extend to 1559. I have adjusted the price targets lower indicating the preferred bottom.
The min expected is 1575 ( not a recommended option) then there will be a bigger possibility of wave 5 being very short only 0.6 of wave 3 and ending in truncation.

Going according to plan. Should be a rebound to 1577 - 1588 area.

S&P Alternate view

Two alternate views Alt 1 a Zigzag with white and yellow numbers and Alt 2 with green circles.

If the bulls hold current levels above the 1573 then it opens 1613 as the current pattern is not complete although the min requirement for a zigzag correction has been completed.

S&P

4Hr chart expect the bullish form to continue. This should end in an ending diagonal or a zigzag.

Dax Morning Call

Had a 12hr power outage so this post is late

Yesterdays action had a sell bias and completed wave 3 or A. This invalidated the triangle project as it zigzaged to the lows.

Today I am expecting upside action wave 4 or B targets 7729 0.38 preferred or 7767 0.50

DTFD during the morning session, then I am expecting a fade in the afternoon.

Robot 1 closed the short position $ 222.06 profit.

Robot 2 closed the short and entered a long position $ 112.50 profit

Dax Morning Update

Morning high 7709.
I am trading the triangle. Entry 7707 SL 7705 Target 7667.
Failure of the high will result in a C wave push to either 7747 a 1.61 ext of current wave or 7744 a 0.38 of 3 Failure zones are 7722 and 7737

Dax 9/04 The open

Opened Gap up as expected.
I think 1 higher high will seal the deal for a completion of C at 7007 area, then we should fade into either a D or wave 1.
Robot 1 entered a short @ 7694 currently + $ 6.51
Robot 2 still in short entered yesterday currently - $ 16.93

Dax Close

Mostly sideways action. There is no confirmation of the break either up or down.
A nice bear flag (seen on the 4hr chart) has formed making me cautious to play the upside, as such have been selling the rips.
Trade scenarios for tomorrow are,
Triangle scenario. 4th wave triangle, E wave termination 7672 Targeting 7510 area, provided the price stays below 7696

 Zigzag scenario.  4th wave zigzag C possibly in progress, open gap up and push to 7745 0.38 or
7701 0.23 fib fade during the day.
Alt trade. Breakout above 7696 and a rally to the 0.50 fib 7780
Robot 1 trade entered short @ 7677 closed on SL 7680 $ 19.53 loss (rebooted PC )
Robot 2  trade entered short  @ 7672 -$ 14.31

Dax US Update

This is my preferred trade for the US open.

Wave 5 of C unfolding to a new low 7535. A break above 7696 invalidates.
Alt Scenario Develops into a 4th wave triangle.
Unfortunately had to reboot PC so the robot was reset ATM + 130.
I have put a SL on the trade at 7683 the 55ema

Dax 8-4 Lunch time

DAX opened and has had a positive bias all morning as expected, we are still trading between the 0.23 and 0.38 fibs. Possible wave 4 in progress. A 7707 or the morning lows 7650 will confirm the direction for the next few trading days.
Robot has entered a short at 7677 and is -6.51

Dax Elliot Waves

The Friday close DAX 7658 -2.03%, Bearish Bias         S&P 1553 -0.43%
Once again at a critical level, a nice 3rd wave (or C) push down and a long drawn out close (looking like possible wave 4 or a mess that will constitute wave 1 up) A rally from here would satisfy the BEARS and a further fall would suit the BULLS. To decipher the market anticipations we will use the MACD and RSI on a shorter and a longer time frame. (using a 1hr as standard but will post 15min charts on trading days)
I have a blackbox strategy running and will publish them from Monday. It has triggered for a BUY, but has not entered a trade as yet.
Bullish scenario.
There is no immediate divergence, I am presuming that there will be another 3 legs down to complete a full 5 wave pattern completing wave 4 of 3 thus creating divergence. possible triangle Target 7092
Alternate Bullish scenario.
Wave C will truncate creating a double bottom and then complete in a triangle prior to wave five lunching. Target 7211
Bearish Scenario.
Wave C will complete terminating 7545 and rally into wave C in a 5 wave ED, this would be a terminal pattern. Target 7545
This is the Bearish chart showing the triangle 4 and the zigzag of Wave 1.