#dax $dax

Notwithstanding the targets above, the question continues to be from where will the next strike up occur? My hourly chart shows the connecting  'X' waves in the stochs as orange circles and the 'b' waves within the intervening 'abc's as green circles. Of interest to me is the outstanding green circle time wise and the negative divergence going into yesterday's highs. Although the 9337 line is the 76.4% back of last night's rise, there is still the chance of course that yesterday's drop was an 'a' wave and this rise was a 'b' wave. A wave 'c' into 9270 would fit my need for a green circle, but so would a slow grind through a triangle allowing the volatility channel floor to rise up to price. Either way, I am not too keen on being net long until that hourly stoch has mooched a little lower.