Stock markets are turning sharply down from the highs, with E-mini S&P500 loosing nearly 20 points in the last 24 hours, while Dax fell nearly 230 points so far. We see very strong reversal with impulsive price move on intraday charts so it’s start of a bigger corrective drop that will be expected to continue after any three wave rally. On Dax that can be wave B which may find resistance near 12822 region. Ideally that wave B will start after the gap is filled from June 15.
German DAX, 30Min
