Dax 3 drives to a (the ?) high ?

SPX.....bunching

5 tops within a 13 point range. A break of the 200 perios ma and the Ichimoku cloud line might trigger the long awaited sell-off
(original chart by Ron Walker)

This is an excellent post by Marc Horn ,explaining how the "system" works and how money creation by the banks is central to the power structure. Please copy and retweet if you find it useful

http://www.marketoracle.co.uk/Article59458.html

RRS

Holding above the 50% Midpoint,also holding above 72 (2x36 low)

Dax

Cocoa

it looks like cocoa wanted to fill those gaps after all :-) I have not given up on the idea of a developing bottom and this is one possibility. Mirror Image Foldback is a Michael Jenkins pattern

the Dax tagged 12960 this morning pre-open. As mentioned before  this is an interesting  number because 1296 is the square of 36 and the 2009 low was 3600,which is 60 squared .That it should be tagged on one of Gann's seasonal turning points ie the summer solstice is also interesting

FTSE250

Gold

Dax monthly chart

Cocoa

Cocoa....a confirmed 3rd HL is a fast move set up. The 3rd HL is not confirmed yet (Fridays candle was bearish
but within a presumed bull flag.A low around the summer solstice would be neat

Dax

failed today 40 points below 12960
1296 is the the square of 36 or the cube of 6
the 2009 bottom was 3590
3600 is the square of 60
12960 is 3.6 x 3600
I am not a numerologist but I believe 12960 to be an extremely important level for the Dax

 

Gann's rule (in my understanding) is that a 4th attempt at a level will nearly always succeed but if it doesnt its bearish. (..or vv for a triple bottom)

Euro Stoxx

watching the possible double top on the Dax

Ftse

yesterday was a gravestone doji reversal candle