The chart to the right updates tracking counts on ES discussed in the 710am entry below. INDU made a higher high while other indexes lagged, making it likely that yesterday's high is the top of the initial rise from the Nov low (Chart 1, blue).
Note that it's possible to count today's high as the end of a five-up (Chart 1, green) with truncation in many indexes. It's also possible that INDU diverged from the rest of the pack, topping out today instead of yesterday.
Chart 2 zooms out to keep counts in perspective.
[245pm] SPX squiggles -
potential post triangle thrust or else.
[1210pm] DAX update at the close -
Big picture count and squiggles.
[710am] DAX, ES update -
tracking counts. let's see if the apparent five-up from the overnight low in ES is a new upswing or wave c of an expanded flat.
