DOW JONES TRANSPORTS 'had enough' up here?

Dow Jones Transports Daily Chart @ Close 07/24/2013

Whilst the other indices 'meander' around the previous highs (EG: S&P500 @ 1687); the Trannies has seemingly made up 'its' mind & is heading lower after a marginal new high was scored.
Leadership or 'out on it's own'?

No new high still for the laggard DAX...............

German DAX Daily Chart @ Close 07/16/2013

Whilst the S&P500 has done its 'thing' in testing the 1687 Highs (1684); the DAX continues it under- performing ways.
The other High Beta Index: NDX100, has scored a marginal new high (so far); until the DAX does this rally has the hallmarks of a retest/ failure up here & NOT the beginnings of another new leg higher.
Time will tell.

Weekly DAX continues its 'weird' way in NOT confirming the S&P500's new found 'mojo'?

DAX Weekly Chart @ Close 07/08/2013

Still within the confines of the 50/200day SMAs (above the 200 & below the 50day... both NOT shown as this is a Weekly Chart); the DAX is yet to join in the S&P500's new found energy.
A bigger picture perspective is now timely; as yield 'reversion' to normal levels (& yield curve steepening) will ultimately affect Equity Valuations.
Patience as we revisit the 2013 Highs.

S&P500 in 'retest' mode of the 1687 Highs

S&P500 Daily Close @ 07/08/2013

Above the 50day SMA; the previously broken 'up- trend' line & most importantly the 61.8% retrace @ 1639.......a full blown assault on the 1687 High should be underway.
After that; success of otherwise gets interesting.
The German DAX (above) does NOT appear in quite the same ebullient mood as the S&P500?
It demands our attention as to where/ what lies ahead with normalizing yield curves globally affecting equity valuations in a more meaningful way.

S&P500 stubbornly below the 50day SMA

S&P500 @ Close 07/03/2013

The overhead 50 day Simple Moving Average @ 1625 has become the 'bugbear' for the benchmark index to get going & put in a serious retest of the highs.
Note the growing # of Indecisive Daily patterns just below.
Absent a 'scaling' of 1625 & more importantly the 61.8% retrace of losses @ 1638.70; then the index (& broader market) remains vulnerable to further losses.