SPX: Selling progress more further but counter starts to fight a bit against of it. DAX went in European market hours to hit 6994 ie. slightly overlapping 7000 points to make all 7000 barrier call options to expiry worthless. Since this bottom was placed we hovered all day above of it fighting a bit is there small and passive B wave to come or not. It finally did rally 60 points from there for 7060 in US session but that was also kind of enough. It is obvisious that it is extremely difficult there is to set any kind of bounce if daily charts are selling like they do but short short of managed to bot that 50 points with it to just wait all day.
That OXM chart sold pretty agressive today or -6%, the reason for that is that this ABC as most simple correction drawn is bullish alternate for it, however – because there is triple complex pattern in the between I think it´s entire chart is just WXY upside correction and it is placing top of W4 for it or at least when something like this comes possible it makes them better (for downside). However, I think it that OXM was financial chrsis W3 bottom and only gave IV wave up for us to this 61.8%, it just make it happen with WXY mode which looks a bit like impulse but it isn´t impulse instead WXY where that triple complex part fulfilled X. Last Y in it of cource was and is impulse.
This is one way I am looking candidates because if I can get more deep bearish alternate for bullish chart which is bearish for now anyway, it usually makes them more agressive. ANF chart was another heavy seller also.
