As the bloomberg described it.
That´s fits well for zigzag waves.
Swings are reasonable big size if one do Globex hours and DAX particulary (there isn´t anything happening in US hours anyway besides first and last hour over the passed 10 session and can it might keep going like this).
Smells like corrective zigzag blow-out is there but I also see it still to crack later just like marked it for daily chart, we are inside of zigzag waves for both directions.
I am fullly neutral and mostly cash (mostly Norwegian Kronor´s) and tracing only zigzag waves. 90% of the correction is likely done allready with first A wave as minium and it will blow it up at some stage but I do see roof for it too soon also where it can go only – still referring to daily SPX contracting triangle chart.
However, I am looking this bottom for this week anyway in the daily chart if it didn´t already leave it with marginal error as ~1250.
If it did, I see it to fall later again once it would reach another zigzag family up.
Zigs and Zags, that´s what we have left, the actual real party is over allready.
I like CMTL Weekly & Daily EW chart since it does have both W2 conditions on there. Skipped STP so far, if chart takes one daily candle down which size is allmost -5% in bullish market that´s not strengh yet.
This all is very boring actually where we are, it is Ok to trade but at investment point of view I see it as dead boring.
