I’ve been sprinkling my posts today with things I believe are telling us we are bullish here (such as oil, a reference to bitcoin, a reference to Apple’s structure—here, and here). Here’s a couple more.
First, I noted previously that the $DAX suggested markets would go lower (first here, then referred to again here). Now, it’s not moved down impulsively. And so, let’s refine the count. I think we will have to do something like this for it. I think we got a huge impulse down for minor (green) A, then a triangle green B (instead of the great big B here), followed by a tiny green C.
I think it’s now primed for a 1-2-1-2 pump. Or, “The $DAX says Übergehen.” The other count was too obvious and so everyone’s trying to play it and everyone’s going to get blown up.
These are factors contributing to my fairly strong bullish bias here.
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