The DAX Futures is trading at 12,393.20 with a loss of -1.06% or -132.80 point.The FTSE 100 Futures is trading at 5,973.80 up with +0.54% percent or +31.80 point. The CAC 40 Futures is trading at 4,865.00 up with +0.33% percent or +16.00 point.The EURO Stoxx 50 Futures trading at 3,212.00 up with +0.63% percent or +20.00 point.
TODAY’S FACTORS AND EVENTS
German DAX has made a very strong recovery from March lows, however, this recovery can now be slowing down based on two interpretations we are observing. The first one shows a potential flat correction in the making for wave II, where we are looking for a five-wave fall into wave C even back towards 1600 level. Then we have another wave count, count #2, that shows a potential top formation in wave 5 of I. This is also a bearish interpretation for the near future, as deeper, thee-wave A, B, C set-back could show up.
For the day Germany’s DAX closed at 12,379.65 with a loss of -3.45% percent or –442.61 point.the FTSE 100 closed at 5,989.99 with a loss of –2.31% percent or –141.47 point. France’s CAC 40 closed at 4,852.94 with a loss of –2.13% percent or –105.80 point.
For the day the Dow is trading at 26,313.65 with a loss of -0.85% percent or -225.92 point. The S&P 500 is trading at 3,246.22 with a loss of –0.38% percent or -0.38% point. The Nasdaq Composite is trading at 10,587.81 up with +0.43% percent or +44.87 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 21,710.00 with a loss of –2.82% percent or –629.23 point. Hong Kong’s Hang Seng is trading at 24,696.03 with a loss of –0.059% percent or –14.56 point. China’s Shanghai Composite is trading at 3,305.61 up with +0.57% percent or +18.78 point. India’s BSE Sensex is trading at 37,677.58 with a loss of –0.16% percent or –58.49 point at 12:15 PM.