Bund ready to rally; Stocks looking increasingly bearish

This is my bearish interpretation of the Nasdaq. The fifth wave looks like it may be finishing around these levels.

As expected (finally, something happens that is expected!), the Bund rallied today. It did so in what appears to be a five-wave impulse higher. This suggests that following a correction lower, the bund will continue its advance.

Below is an hourly chart of the Bund.