I think EU&GB indices are all running a flat or a zigzag correction which, once completed, will be followed by the next wave of the bear market which should yield a 20-25% decline in indices. In CAC40 I see there is an ending wedge forming in the C wave of a flat correction, which suggests it should be very quickly retraced.
I don't want to call tops any more, I now want the top to show itself, but once we see the top formed the decline will be quite steep. We need to wait for a few more days in order to see the market reversal.
I don't want to call tops any more, I now want the top to show itself, but once we see the top formed the decline will be quite steep. We need to wait for a few more days in order to see the market reversal.