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DJ Euro Stoxx

29 Oct 2015 ‚óŹ 04:33 AM

Last week I wrote about the European market index DJ Euro stoxx marking it as wave c up. Now we should have started wave v of c. Note the bullish alternate is that on the US indices we still have a 5th wave forming but if they too end in a-b-c we have to turn. So I am monitoring both alternates. Once a-b-c is complete it will be time to step back a bit and view the risk to the downside. Wave v of c means this is the last push up. 61.8% retracement is already complete so maybe if it pushes higher it goes to the 78.6% mark shown in blue on the chart below. 

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