Dax

This week's candle was a doji,occurring 56 weeks from the low (fib 55).With the market at a strong resistance line from previous highs and lows from the last 3 years.There is strong resistance at 6286-6300 on the daily chart (june future)and resistance from the rising wedge upper trendline.I have marked this rally as the likely head of a possible head and shoulders pattern.We need to close below the low of the weekly doji for first signs of a possible trend change.The s&p had a bullish white candle and is below ideal resitance levels of 1200-1220 that elliott wave people are talking about,so could drag markets higher,but the put/call ratio is at nosebleed levels.