Quick update

Looking at RSI(shows b-wave not divergence), market breadth(divergence earlier and lower high now) and cycles(in the middle of some longer cycle) this looks like the most likely pattern. Confirmation will be sharp, but short living decline for c-wave.

DAX seems to be on track - the pattern I have shown a few weeks ago.

Quick update

If you look at DJ/NYSE/SPXEW you will see this pattern - the usual w-x-y with very clear subwaves. This translated in intermediate term is shown below - for now assuming b-wave correction of the rally from April.

Weekly cycles - I think we saw the 20w low next is 40w high already one week longer than the average and next is 40w low November/December.

Alternate patterns
Impulse with fifth wave ending diagonal

Expanded flat running c-wave to MA200 and 20w cycle low, RSI looks more like this not like ED.

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