There are no changes in the top tracking counts (Chart 1). Chart 2 offers a 2-day squiggle count on SPX, with the green count being ultra-bullish and the blue count being bearish.
The development in DAX (and other major European indexes) continues to favor near term bullishness (Chart 3 and Chart 4), near term volatility notwithstanding.
Uncertainty remain whether the bottom is in. But we have the proposed benchmark low as a gauge. See recent weekend pieces for details.
[245pm] SPX squiggles -
[125pm] Gold update -
complex wave C in progress, or wave D in progress, or triangle done? see the 2nd chart below.
[1pm] SPX squiggles -
[1025am] SPX update -larger count and squiggles
[840am] DX, EUR.USD update -
DX - potentially a small degree 5th wave up to wrap up C or 3, potentially at the expense of the euro, but 5th waves are often fickle.
[735am] ES, DAX update -
ES - 7 waves up from the recent low so farDAX - bottoming
