Sunday, July 22, 2012

Lower Indeed for the averages...DAX gives a 'signal'.

German DAX Daily Chart as @ Close 07/20/12

The Red Circle captures the "Outside Down" Reversal Friday; together with the NDX100's 'non- confirmatory' McClellan stats Thursday...well maybe the 'Bears' can get some yardage out of this potential turnover?

S&P500 Support lingers down @ 1333/40 defining a pause as against a  meaningful reversal.