Quick update

If you look at DJ/NYSE/SPXEW you will see something like on the first chart. Because of the AI bubble you see new high. For those cheering check November-February SPX/NDX and the other indices.
BraVoCycles Newsletter @BraVoCycles: "3 of the Magnificent 7 stocks: AAPL, GOOG and NVDA collectively contributed 109% and 151% of SPX and NDX gains, respectively, in the last 3 days. Without them SPX and NDX would have been red!"

DJ - normal corrective price action and possible impulse count from the April low

SPX - probably the same price action like DJ - corrective wave with triangle in the middle, but because of the tech overweight you see new highs. Commented about this already exatcly like November-February highs check - SPX/NDX and the other indices.

DAX - looks like triangle

Quick update

Small waves 4/5 followed by bearish weekly reversal candle, the pattern has been completed right on schedule and now move lower has started.
This is week 17 so in the next 1-3 weeks, probably mid-August, we should see 20w cycle low and higher into September.

The next important lows/highs are 40w low November/December and 40w high February/March. When the market reverses it is gradually not with a crash - what I wan to say is between now and February/March 2026 expect series of lows and highs and after that the market will dive lower. For examples look at years January-August.2000, May-December.2007, August.2021-March.2022

For now assume that there is one more high and b-wave has started, but look for the exit.

Perfect waves and Fibo measurements.

Support area and MA200 should be the target