Dax

Weekly candle chart of the Dax looks pretty bearish,with a gap down last week and MACD only recently given a bear cross.Cannot ignore the possibility we are in a C wave and the A last year was vicious.Two years ago we made a low first week of May,one year ago we made a high so watch that time period again,my guess is we decline sharply into that time period. Possible targets in 6065-6120 zone.(Fib retracements of 2 ranges and measured move )
 Another big negative is the time factor.We had a 10 week decline then rallied 26 weeks (Gann 180) without making a new high.This is one of Bill McLarens favorite setups.(correction consumes twice as much (or more) time but no breakout)
Students of Gann's "seasonal time dates" will note low around summer solstice,high around Spring equinox)
Also we bottomed at 3600 and topped 3600 points higher ,3 years later.