Dec 3, 2015
Last time I wrote that an impulse is the obvious choice, but a zig-zag lower and than another move higher will fit better. Looking how the DAX reacts today after the ECB meeting and SP500 struggling to rally above 2090 for two weeks I think the preferred scenario has higher probability. The white numbers are the short term cycles. I suspect that instead of two 40 day cycles we will see three shorter daily cycles which will finish a 20 week cycle.