Update

Around the end of the month we should see 5w low and the first half of September 5w high.
All indices show impulsive declin, usualy it means more to the downside.
The most simple pattern is we have a top with daily/weekly and market breadth divergences, but until we see the next low and high for confirmation you can still speculate that something else is developing.

It is taking too long so more likely this is the top not B wave.
Trying to find bullish pattern - flat correction a-b-c red or with more downside and high in September ending diagonal 1-2 or expanding ED C-wave... very low probability.

Update

Nothing happened this week so nothing new - waiting for c/B to be completed. If you use Fibo measurement target is around 7850. Reminder if it is not a B wave it is THE TOP.

Mature 10w and 20d cycle highs early next week expect the top. Again if it is corrective a-b-c pattern around the end of the month we will see 20w low. If not decline starts and it will continue until the next 20w low in November.

The DAX is ready for a top too with ending diagonal and divergence.... no no this is a bull flag.