We can see some USD weakness in the last few sessions while stocks made another strong leg up, especially US markets with E-mini S&P500 trading around 2600 psychological level, which can be an important short-term resistance so we think price may come lower after five waves up within wave three or c. As such, reversal may come down from a new high, at the same time when DAX can accomplish a five wave rally within wave C of a corrective advance from Nov 15th. We see resistance at 13240 from where we may see a very sharp drop based on a higher degree EW cycle.
S&P500, 1H
German DAX, 1H
