Oct 4, 2025

Update

The impulse from last week was most like third wave and this week the fifth wave. I see the pattern shown below all this with RSI/MACD divergence, market breadth divergence and at week 33 from the previous important high.
Short term v/5/c is possible, for example the DAX will look better with one more high.
Intermediate term - the same like last week expect intermediate term high and decline into November.
Long term I explained many times it could be 4y high.

NDX I see two impulses and it is confirmed by RSI.
DJ the same even more clear.

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