SPX and DAX Technicals

This morning I feel like oversimplifying things may be the way to go forward. It will take some patience and art of scaling in and out of positions to trade in current conditions. So with this in mind I drew some important lines and decided to share with my readers. SPX and DAX may retrace the entire ramp-up from mid April. The instrumental word in previous sentence was "may", as there are multiple supports on the way down.

click on charts to enlarge