Speaking of potentially bullish alternatives, here is Onischka’s typically elegant layout – of the DAX. Specifically, look at his short-term 135-minute chart. The preferred count is in red, the alternate in blue.
If, inspired by our market's late action, the DAX will go berserk and break out on Monday, this could be an early indication that the bull is still on (pun somewhat intended).
An argument about wagging the dog could be applied here, of course, but I noticed that, periodically, the major Europeans have been leading us, both up and down (or at least were dancing to the same tune). Something worth watching. Certainly, if the DAX does break out but quickly fails, dipping below S/R, that would also be interesting.
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