While the indices are faffing about and being very frustrating to trade at the moment, have had a look at good old forex and am now on 'bear flag' alert!
EWI have this as a 4th wave and the rise up looks in my eyes to be corrective. With the daily stochastics also wanting to turn down this could go any time soon. The candle on the daily chart looks pretty bearish to me too. However, im looking for a test of the daily trendline around 13750 before attempting any short. Have placed a short order there 13750 on June to short. We'll see what the action is like tomorrow and reevaluate tomorrow evening
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