WTI ended the streak of nine bullish days in a row. They ended that quite brutally, with a huge bearish candle. Currently the price is reversing but this is just a small take profit action from the sellers and the main movement (fall) should be continued. Well, at least it usually did, when we had such a sharp drop on this instrument before. Reversal did not happen in the random place. Sellers used the 50% Fibonacci and the resistance created by the lows from the beginning of the June.
S&P 500 is approaching a place where we do have a combination of few strong supports. We do have an up trendline and two horizontal: mid-term, 2420 points (green) and the long-term, 2405 points (grey). Once the price will get there, we have to look closely for a proper price action there. Any bullish reversal pattern can be a good start of a new bullish wave.
DAX is doing much worse then colleague from the America. Here, the price broke the up trendline and is currently attacking the long-term support on the 12350 points. In theory that is a nice place to buy but so far we do not have any signal from the technical analysis so patient traders should rather wait. With their fingers ready of course
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