DAX downward channel is ready to complete all 5 waves. Todays open is pushing towards the lows (now at 6620). This in my opinion is the last wave down before an upward correction. However the fact that we see 5 waves down implies 5 more after a correction. So things remain bearish here. EURUSD is under pressure and the other european indices are falling sharply too.
AAPL is a stock that will influence greatly NASDAQ and thus the whole market. As expected a new low was made to fulfill the minimum requirement of a 3 wave correction. However my feeling is that it will correct even lower.
No comments:
Post a Comment