The DAX Futures is trading at 12,584.50 with a loss of -0.53% or -67.00 point.The FTSE 100 Futures is trading at 6,006.50 up with +0.10% percent or +6.00  point. The CAC 40 Futures is trading at 4,879.50 up with +0.11% percent or +5.50 point.  The EURO Stoxx 50 Futures trading at 3,240.00 with a loss of -0.22% percent or -7.00 point.


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 12,582.93 with a loss of -0.51% percent or –64.05  point.the FTSE 100 closed at 6,050.02 up with +0.28% percent or +17.17  point. France’s CAC  40 closed at 4,879.81 up with +0.080% percent or +3.88  point.


For the day the Dow is trading at 26,664.40 up with +0.89% percent or +236.08 point. The S&P 500 is trading at 3,294.61 up with +0.72% percent or +23.49 point. The Nasdaq Composite is trading at 10,902.80 up with +1.47% percent or +157.52 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,573.66 up with +1.70% percent or +378.28 point. Hong Kong’s Hang Seng is trading at 24,946.63 up with +2.00% percent or +488.50 point. China’s Shanghai  Composite is trading at 3,371.69 up with +0.11% percent or +3.72 point. India’s BSE Sensex is trading at 37,687.91 up with +2.03% percent or +748.31  point at 12:15 PM.