Termination breake for 2 contracting triangle, if true we are still in here by end of the year (semtember-november). Personally I don´t think potential rally from 1240 overlapped low would lead this anywhere much, we are likely in zigzag waves and very complex one´s, for this reason there is none of the bullish ending diagonals either between stocks, they are sold, even hard but they do not none kind of EW patterns.
As alternation I see B upwave (only) to be on the air at some stage for next month anyway. However, it can suggest to buy any further violation over the next 2 weeks with 1240 (and possible overlap).
DAX have this same contracting triangle in the middle, it looks stronger than US for me and it has been stronger that US also with daily internal. It might leave us for 6800-7800 range for times to come the same way as SPX does.
I like individual equities more interesting anyway. While first cont. triangle also didn´t have complexity waves it is more than likely this second does – if coming the case.
