Contrary to my expectations, Dax June 13 continued higher this week, has taken out previous swing-high of 7931,5 and now levitates above this level. Recent price-action has somewhat messed up short-term outlook. I maintain bearish view, while sitting on the fence, waiting.

On the bright side — E-mini (ES) future is setting up for a swift, sizable (200+) move down. Its nasty «wedge within wedge withing wedge» current price structure has very bearish short-medium term implications. Of course, price action should confirm pattern before we act, always.
 

Listen to this guy, folks — he does really get it! :)http://www.youtube.com/watch?v=6gxGzdw1YFk

The small upward correction in DAX-June13 appears finished, and it is another low-risk entry to add short-exposure against 7836.5 stop.

Copper (HG) needs a daily close  9th November low of 340.30 (continuation contract chart) in order to reconfirm bearish case (with targets well below 300). Exchange stocks (inventories) at LME are at elevated levels. That's bearish backdrop, ceteris paribus.
 

Dax June13 dropped down dynamicaly yesterday, just as expected. It has catched some upside traction into the day closing, which I suggest to be yet another brief upward correction, targeting 7850/7875 area. Down-trend should resume in earnest later today. 
Big bicture remains bearish, pointing to a cluster of targets well below current levels. 

Dax June13 has made a bit more complex upward-correction than I anticipated in y/day review, holding up to Wednesday afternoon. Odds are it is over by now, I  am short vs today's high of 7931,5.

DAX June 13 has lined up for low-risk, high-probability «sell» entry. Today's choppiness might be enough to complete the upward correction. If so, immediate hard selling should follow, now.

After y/day's sharp sell-off, DAX-June13 is consolidating, with very sluggish upside traction if anything. Odds are it is a small correction before another strong wave of selling. Market may hold into Wednesday, or fall outright.

Stay tuned.

After y/day's sharp sell-off, DAX-June13 is consolidating, with very sluggish upside traction if anything. Odds are it is a small correction before another strong wave of selling. Market may hold into Wednesday, or fall outright.

Stay tuned.


 

The big-picture bearishness prevailed today: After «sky is clean» optimistic open up-gap, DAX-June13 has reversed down and now is selling hard as I write.

I remain of the same opinion that  Market has made major top on 15th March, and now is open for huge downside right away.
 

My prop indicators have done a pretty good job on Friday and today: flashed «exit-short» on Friday closing, and turned «sell» after the gap today. Very good kick-off start of the week:)
 

P.S. EURUSD made even better than DAX-future signal-wise:


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